Old Problems - New Solutions: Conversion of Capitals as a Tool for Shaping the Competitive Position in the Economic Field

Abstract

The acts and operations any social actor effectuates in each of the logically distinguished spheres of reality are conditioned by many factors, among which a reliable analysis of the strengths and weaknesses of an agent should be considered of utmost importance. The concept of capitals presented in this article divides the quantity of resources available to all acting agents into four main categories (which allows for determining private property of an agent) and emphasises the necessity of strategic planning of their conversion (which, in turn, enables to estimate the dynamics of the agent’s development). These two dimensions allow agents to make relatively accurate decisions within the basic field of action, increasing the competitive potential of such agents.

DOI: http://dx.doi.org/10.5755/j01.ss.84.2.7487