Time Capital in Strategic Planning and Sustainable Management

Abstract

In this paper we propose an emerging vocabulary to approach strategic planning and sustainable management in terms of time capital at four levels of analysis: (1) individual, (2) microsocial, (3) mesosocial, and (4) macrosocial. Besides proposing a taxonomical granularity, the paper brings conceptual clarifications by using equations as cognitive resources, as well as by discussing issues of convertibility between time capital and other forms of capital (economic, human, social and cultural capital). A paradigm of time capital has significant implications for administrative measures and strategic management. Moreover, such a paradigm might guide the practice of sustainable planning by providing information in the decision-making process. Last but not least, a paradigm of time capital integrates forms of mathematical intelligibility in which the social world is shown as a predictable and controllable universe with effects on the manner in which material and symbolic resources are distributed across individuals, groups and communities.