Resources that enable action: a capital idea

Abstract

Capital refers to a type of resource that facilitates action. When we provide resources to stakeholders, we increase their capital (their ability to act and achieve their goals). My poster gives a brief overview of some forms of capital relevant to librarians and information specialists so we can demonstrate our value as skilled knowledge professionals more effectively.

Librarians are generally known for providing physical capital (such as library space and collections); however, this is only one aspect of our work. Social capital refers to the resources people access through their networks. For example, if people contact you when looking for solutions, then you are enhancing their social capital (by having you as a contact they can better achieve their goals). Intellectual capital is the knowledge and knowing capability of a social collective, consisting of human, structural and relational capital. Contributing to the economic wellbeing of stakeholders (such as your organisation) increases financial capital. And of course, you may also enable cultural, symbolic, and other forms of capital. Priorities will depend on your sector and role.

These are aspects of our value that are not often acknowledged. The concept of capital gives us the terminology to articulate our value beyond the obvious. We can use these terms to outline our work in annual reports, promotional material and infographics so we may frame our worth within a broader value proposition.