David Obstfeld, an Associate Professor at CSU Fullerton and founder of the Social Capital Academy, dives into the critical role social networks play in economic mobility. He shares how first-generation college students often struggle without access to valuable connections. The discussion also highlights the significance of mentorship and innovative networking strategies to bridge economic gaps. Obstfeld emphasizes that it's not just what you know, but who you know, advocating for transformative initiatives to empower underserved students.
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insights INSIGHT
Network Analysis Evolution
Network analysis studies how social structures, or networks, influence individual and group behavior.
It has evolved from early triad dynamics to sophisticated computer-aided analysis, revealing the impact of network position on various outcomes.
insights INSIGHT
Social Capital as a Resource
Social capital represents the resources accessible through one's network, encompassing information, connections, and trust.
It's considered a valuable asset, impacting individual success and societal well-being, like financial or human capital.
question_answer ANECDOTE
Howard Schultz at Starbucks
Howard Schultz, upon joining Starbucks, observed Italian espresso bars and recognized the potential for a social coffee experience.
He brought back this 'new knowledge,' leading to Starbucks' transformation, but his initial attempts were met with resistance.
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Getting Things Done (GTD) is a personal productivity system developed by David Allen. The book provides a detailed methodology for managing tasks, projects, and information, emphasizing the importance of capturing all tasks and ideas, clarifying their meaning, organizing them into actionable lists, reviewing the system regularly, and engaging in the tasks. The GTD method is designed to reduce stress and increase productivity by externalizing tasks and using a trusted system to manage them. The book is divided into three parts, covering the overview of the system, its implementation, and the deeper benefits of integrating GTD into one's work and life[2][3][5].
David Obstfeld, a tenured professor with over 15 years of research experience, saw a troubling trend at universities: first-generation college students were struggling to secure job opportunities upon graduation, leaving them at a disadvantage compared to their peers. His research revealed a clear link between economic background and access to social networks, with wealthier students gaining social capital that propelled their career success above those around them. It wasn’t what they knew - it was who.
This insight led David to establish the Social Capital Academy, an initiative designed to help underrepresented students build the social and cultural capital they need to succeed. Through mentoring, networking, and skill-building workshops, Obstfeld is transforming the trajectory of students’ careers and helping bridge the gap in economic opportunity.
David Obstfeld is an influential researcher, author, professor at CSU Fullerton, and the founder of the Social Capital Academy.
In this episode, Dart and David discuss: - The evolution of network analysis - Social networks and the role of social capital - Why getting new things done drives company success - A knowledge-based view of the firm - The role of brokers and triads in social networks - Pros and cons of open vs. closed networks - Whether social skills are innate or developed - Perspective articulation - Social Capital Academy and scalable models to build social capital for underserved groups. - And other topics…
David Obstfeld is a Professor of Management at California State University, Fullerton, and an influential researcher focused on social networks, innovation, and social capital. As the founder of the Social Capital Academy, Obstfeld works to empower students from underrepresented backgrounds by teaching them to leverage social and cultural capital to advance in their careers. His book, Getting New Things Done: Networks, Brokerage, and the Assembly of Innovative Action, examines how networks and brokerage drive creativity and organizational innovation.
David received his A.B. from the University of Chicago and his PhD from the University of Michigan’s Ross School of Business. He has served on the faculty of NYU’s Stern School of Business and UC Irvine’s Merage School of Business. His widely cited research has received major grants, including from the National Science Foundation, to further investigate organizational and social dynamics.
Work with Dart: Dart is the CEO and co-founder of the work design firm 11fold. Build work that makes employees feel alive, connected to their work, and focused on what’s most important to the business. Book a call at 11fold.com.
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