Question

Identify the example of social capital.

Answer 1

Answer: An artist who vacations in Colorado Town has a very few close friends among the locals.

Explanation: Social capital is used to explain the concept of social networking or relationship between individuals which are beneficial. Social capital can be defined as a beneficial or effective impact of social groups or relation achieved through interpersonal relationship, shared vision, goal, aim, objective and norm. It can also been viewed as the beneficial outcome achieved from social networking and interaction. Products or impacts of social interaction may include trust among employees, innovation, sharing of useful information, contribution to organizational growth.

In the scenario above, the relationship between the artist on vacation and locals in Colorado Town might reap benefits such as information sharing and dispatch, Notification on future opportunities and so on.

Answer 2

Answer:

An artist who vacations in a Colorado town has a few very close friends among the locals.

Explanation:

Meaningful result of human interaction is social capital.

That positive result could be concrete or abstract, and can include valuable information, creative ideas and prospects for the future.

In terms of business, social capital is the commitment to the performance of a company that can be linked to personal relationships and networks, both within and outside of the organization.