Have you ever thought about your social capital and what it means? Maybe not, though if I put it like this: Do You agree that having a good social relationship with other people, private and in your business or work, is an integral part of our personal ‒ and business lives and can follow with productive benefits?
In the article Lotta You will let You know more about:
- What is Social Capital?
- Different types of social capital
- Social media and other social networks
- Pros and Cons
- How can You grow Your social capital?
Social capital is a term that has gained immense popularity in recent years. Describing how social relationships can lead to productive outcomes for individuals or groups. While the definition is subjective, it refers to the positive outcomes, tangible or intangible, that result from human interactions. That includes innovative ideas, helpful information, favors, and future opportunities.
Social capital is built on personal relationships and networks. Both within and outside an organization or community, that helps build employee trust and respect, leading to enhanced company goals. It enables a society or organization to function together through shared identity, norms, values, and mutual relationships. Social capital is considered valuable as financial or human capital. Its absence leads to a lack of connections, communication, and trust.
In short, social capital is what makes teams, organizations, and communities ‘in sync’ and work towards a shared purpose.
Link to the full article here
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