Measures of relationship capital for the value scorecard

Abstract

Purpose

The purpose of this paper is to reflect on the development of ideas relating to the value of library relationships. The paper is conceptual and provides a framework for the measurement of relationship capital (RC) for academic and research libraries.

Design/methodology/approach

The research approach has been to employ a mixed method research strategy combining desk research on the concepts of the definition of RC and its foundation theories with an exploration of relational capital assessment methods from other industries. A historical review is presented with cases of the traditional main method of delivering effective relationships in libraries (embedded librarians, academic liaison and subject librarians).

Findings

The synthesis suggests a measurement approach to populate the RC dimension of the value scorecard, thereby providing an estimation of the full value of the library’s relational capital.

Originality/value

The paper fills a gap in the consideration of the importance of relationships to academic and research libraries, and provides a unique and original framework for assessment and measurement.

Citation

Town, J.S. (2015), "Measures of relationship capital for the value scorecard", Library Management, Vol. 36 No. 3, pp. 235-247. https://doi.org/10.1108/LM-11-2014-0134