Meaning of social capital
Social Capital
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Knowledge
Glossary of knowledge terms
Meaning and definition of social capital :
Social Capital: A kind of intellectual capital, that can be a valuable intangible asset if carefully nurtured. Refers to the ability of groups to collaborate and work together. Well functioning human networks facilitate exchange of ideas, problem solving and creation of new knowledge. Social capital is a function of trust. Trust enables decisions to be taken more quickly and implemented more smoothly. So, social capital reduces transaction costs. The quality of knowledge is also high because when there is trust, ideas can be debated in a transparent way, with less defensive reasoning and without hidden agendas dominating. Social capital is an intangible asset that is highly contextual and strongly shaped by the organizational culture. So it cannot be easily imitated by competitors.
For the term social capital may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
Source : http://www.vedpuriswar.org/glossary/KnowledgeManagement%20TERMS__Aug_27_06.doc
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Glossary of knowledge terms
Social Capital
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