Social Capital Is a Valuable Resource for Businesses

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The Answer is Social capital is a concept that refers to the networks of relationships among people who live and work in a particular society, enabling that society to function effectively. It is a valuable resource for businesses because it can lead to increased trust, cooperation, and exchange of information, which can improve performance and competitive advantage. Social capital is often categorized into three types: structural, relational, and cognitive. Each type seeks to answer different questions about the nature and benefits of social networks.Here is the correct match for each category of social capital with the questions it seeks to answer:
1. Structural Social Capital: "Who is connected to whom?"
- This category focuses on the overall pattern of connections between individuals or organizations (the network structure). It includes the presence or absence of network ties and the configuration of these ties, such as the density, hierarchy, and diversity of the network.
2. Relational Social Capital: "How do connected people interact?"
- This category emphasizes the quality of the relationships within the network. It includes aspects such as trust, norms, obligations, and expectations that exist between individuals who are connected. It also looks at the strength of the ties, whether they are characterized by friendship, respect, or collegiality.
3. Cognitive Social Capital: "How do the connected individuals think?"
- This category (which seems to be misspelled as "Copritive" in the provided table) pertains to the shared representations, interpretations, and systems of meaning among parties. It includes shared language, codes, narratives, and beliefs that facilitate mutual understanding and cooperation among network members.
In summary, structural social capital answers questions about the connections between individuals or organizations, relational social capital addresses the nature of interactions within those connections, and cognitive social capital focuses on the shared thoughts and understandings that facilitate coordination and cooperation within the network.

Social Capital Is a Valuable Resource for Businesses

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Social Capital Is a Valuable Resource for Businesses

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