Difference between revisions of "Social Capital"

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Social capital is often interpreted as a by-product of building a social network, particularly when there is a sufficient level of trust for network members to communicate effectively and provide each other with valuable resources. A person with a lot of social capital is someone with a social network that enables them to find out information and access resources. Social capital is also theorised in terms of the trust generated by relationships. A trusted person has more social capital than someone who is not trusted because the trusted person will find it easier to communicate effectively with other network members and will find it easier to access resources within the network. For example, if your enterprise does not have good relationships with trade unions (or trade union members), customers and an investment community, it will also have less social capital that other enterprises. An enterprise with good labour, customer and (public, social or private) investor support will have more social capital too. When considering social capital, think about the size of the social networks created (or harmed) by enterprise/project activities. It comes from networks of people who have high trust relationships.
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For FairShares V3.0a, 'Social capital' is renamed 'Social wealth'.
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Social wealth (sometimes referred to as ‘social capital’) is linked to social networks, particularly those where members have a sufficient level of trust for network members to communicate effectively and provide each other with valuable resources. A person who has social wealth has access to a social network that enables them to find out information and access resources. Social wealth (capital) is also theorised in terms of the trust generated by relationships. A trusted person has more social wealth than someone who is not trusted because the trusted person will not only feel better in themselves, but also find it easier to access resources within their social networks. For example, if an enterprise does not have good relationships with trade unions (or trade union members), customers and an investment community, it will have less social wealth than those with good labour, customer and (public, social or private) investor support. When considering social wealth, think about the size and quality of the social networks created (or harmed) by enterprise/project activities. Social wealth comes in the form of networks of people in high trust relationships.
  
  

Latest revision as of 10:52, 27 November 2019

For FairShares V3.0a, 'Social capital' is renamed 'Social wealth'.

Social wealth (sometimes referred to as ‘social capital’) is linked to social networks, particularly those where members have a sufficient level of trust for network members to communicate effectively and provide each other with valuable resources. A person who has social wealth has access to a social network that enables them to find out information and access resources. Social wealth (capital) is also theorised in terms of the trust generated by relationships. A trusted person has more social wealth than someone who is not trusted because the trusted person will not only feel better in themselves, but also find it easier to access resources within their social networks. For example, if an enterprise does not have good relationships with trade unions (or trade union members), customers and an investment community, it will have less social wealth than those with good labour, customer and (public, social or private) investor support. When considering social wealth, think about the size and quality of the social networks created (or harmed) by enterprise/project activities. Social wealth comes in the form of networks of people in high trust relationships.


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