Social capital definition
I keep hearing people talk about social capital. What is it?
Social capital is the accumulation of resources developed through personal and professional networks. These resources include ideas knowledge, information, opportunities, contacts and, of course, referrals.
Social capital is very similar to its monetary sibling, financial capital, as it's accumulated by an individual or a business and used, or is available for use, in the production of wealth.
Social capital is built by design, not chance. A key way that social capital is acquired is through networking because successful networking is all about building and maintaining solid, professional relationships.
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Related Categories: Communication, Entrepreneurship, Marketing, Branding, Advertising, Networking, Team Building
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