Social Capital – value of your network

I found an interesting article on Social Capital in the Financial Express (Bangladesh).

Social capital and Sisimpur by Khan Ferdousour Rahman

The role of social capital in the creation of intellectual capital suggests that social capital should be considered in term of three clusters, i.e. structural, relational and cognitive. The structural dimensions of social capital relate to an individual ability to make weak and strong ties to others within a system. The relational dimension focuses on the character of the connection between individuals. This is best characterised through trust of others, their cooperation and the identification an individual has within a network. The basic premise is that interaction enables people to build communities and to commit themselves to each other, and to knit the social fabric.
A sense of belonging and the concrete experience of social networks and the relationships of trust and tolerance can bring greater benefits to the people. Trust between individuals thus becomes trust between strangers and trust of a broad fabric of social institutions; ultimately, it becomes a shared set of values, virtues, and expectations within the society as a whole. Without this interaction, on the other hand, trust decays; at a certain point, this decay begins to manifest itself in serious social problems.

Want to read more on social capital? try this link to wikipedia.

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Laurel Papworth

Named by Forbes™ Magazine in the Top 50 Social Media Influencers globally, named Head of Industry, Social Media (Marketing Magazine™) and in the Power150 Media bloggers (AdAge™). CERT IV Training and Assessment certified trainer (Diplomas and Certificates etc) Adult Education. Laurel has manager Facebook Pages for Junior Masterchef, Idol, Big Brother etc. and have consulted on private online communities for banks Westpac, not for profits UNHCR & governments in SE Asia. Lecturer, social media, University of Sydney for 10 years and Laurel has 11,000 online students. Laurel Papworth personally connects to 6 million followers online and has taught around 100,000 people in the last 10 years how to be social media managers.

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