Social Capital - what it is and why it is impaortant for organisations

Social Capital – definition and explanation

Terms

Social capital refers to the value created through the combination of people (Human Capital) the organisation uses together and the quality and focus of these relationships[i]. Social capital or the value groups or teams of people develop for an organisation depends very much on the trust and level of communications between people[ii] and is the basis of organisational and community resilience[iii].

 

References

[i] Baron, S., Field, J., & Schuller, T. (Eds.). (2000). Social capital: Critical perspectives. OUP Oxford.

Aldrich, D. P., & Meyer, M. A. (2015). Social capital and community resilience. American behavioral scientist59(2), 254-269.

 

[ii] Lins, K. V., Servaes, H., & Tamayo, A. (2017). Social capital, trust, and firm performance: The value of corporate social responsibility during the financial crisis. The Journal of Finance72(4), 1785-1824.

 

[iii] Aldrich, D. P., & Meyer, M. A. (2015). Social capital and community resilience. American behavioral scientist59(2), 254-269.

 

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