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How Do SMIS Increase Social Capital? using your knowledge Information Management

How Do SMIS Increase Social Capital? using your knowledge

Information Management

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How Do SMIS Increase Social Capital? using your knowledge

  • Traditional, human, and social
  • Karl Marx defined capital as- the investment of resources for future profit
  • Human capital- the investment in human knowledge and skills for future profit
  • Social capital- investment in social relations with the expectation of returns in the marketplace
    • Number of relationships, strength of relationships, and resources controlled by “friends”
    • Benefits: information, influence, social credentials, personal reinforcement
    • Social capital = Number of relationships x Relationship strength x Entity resources
  • Value of social capital- determined by the number of relationships in a social network, by the strength of those relationships, and by the resources controlled by those related
  • Influencer- your opinion may force a change in others’ behavior and beliefs
  • Strength of a relationship- the likelihood that the other entity in the relationship will do something that benefits the organization
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