Relational Capital in Business: Innovation, Value and Competitiveness

The concept of relational capital mainly refers to the value of the relationships a company creates with its stakeholders. These relationships inspired the authors to analyze their importance in the context of creating value for the enterprise and to explore the importance of leadership and communication in building relationships with the environment. Internal relational capital refers to the organization’s set of intellectual property, work processes and methods, executive procedures, databases, communication and information infrastructure. Employee relations and leadership activities become pivotal in this context, as improving relational competence and intra-organizational relational capital can foster building lasting relationships with external stakeholders. This book comprises two parts. The first is devoted to discussing the most important concepts and issues related to the essence and importance of relational capital in modern companies, characterizing methods and tools for building relational capital, while pointing to the role of leadership in shaping employee engagement and building intra-organizational relationships. The second part contains the results of empirical research on the importance of relational capital in organizations from the point of view of managers, and the features and scope of maintained relationships with stakeholders. This research allowed for the evaluation of ongoing relationships in terms of how they improved innovation, financial performance, or access to resources. The book will be especially valuable to researchers, academics, professionals and advanced students in the fields of organizational studies, employment relations and leadership.

Rafał Drewniak is an associate professor at the Faculty of Economic Sciences and Management, Nicolaus Copernicus University in Torun, Poland and the Faculty of Management, Bydgoszcz University of Science and Technology, Poland. His research interests focus on problems of strategic alliances, strategic management, knowledge management, leadership and innovations.

Urszula Słupska is an assistant professor at the Faculty of Management, Bydgoszcz University of Science and Technology, Poland. Her main research areas are virtual organizations, cooperation between enterprises, innovation and enterprise competitiveness.

Zbigniew Drewniak is an assistant professor at the Faculty of Management, Bydgoszcz University of Science and Technology, Poland. His main research areas are corporate finance, capital market, private equity/venture capital investments and innovations.

Iwona Posadzińska is an associate professor at the Faculty of Management, Bydgoszcz University of Science and Technology, Poland. Her main research areas are B2B marketing, enterprise management, construction market and corporate social responsibility.

Robert Karaszewski is a professor at American University in Emirates, United Arab Emirates and the Faculty of Management, Bydgoszcz University of Science and Technology, Poland. He studies empirical service organization, total quality management, competitiveness of corporate business, leadership and knowledge management.