Social Capital is a concept that aims at emphasizing the importance of social contacts between groups Sociaal within groups. It primarily means that social networks have a value associated and that they are not always detrimental in nature as previously thought of. The concept of social capital also stresses that social networks lead to increased productivity in individuals, teams and organizations.
This increased productivity can be both financial and otherwise. This means that social contacts can lead to increase in confidence, fulfillment by fostering positive relationships.
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The essence being that just like any other capital form human, physical, financial social capital is also important and beneficial to the sustenance of society. The term social capital has been used in varied forms in various disciplines.
World Bank, for example, uses it to define societal and economic development. Corporate pundits similarly use it to mean an approach of organisation development. Judson Hanifan championed the use of social capital. He used it in his discussions of rural school community centers. He promoted the importance of social intercourse among Capitzl for building goodwill and sympathy among fellow members and to promote cooperation.
Coleman contributed from time to time in the development of the concept. Robert D. Putnam worked extensively later and it was his work that extended the idea of social capital to research and policy making discussions.
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There can be a multitude of reasons that can act as barriers to social capital creation or development. These factors vary across geographies and cultures. For example in developing or third world countries social networks remain nucleated around family and identity. There is little or no social capital creation across families and castes. This is on account of the mistrust Wat two families or strata that is detrimental to the very idea of Socisl capital.
There is a strong body of evidence What Is Social Capital goes to suggest that social capital leads societies and individuals to prosperity economically and allows What Is Social Capital development to be stable. World Bank believes that social capital when utilized properly can enhance the efficacy and sustainability of projects.
It also promotes greater transparency in the overall system, fosters a better bonding and increases the overall accountability. The concept of social capital has gained significant ground as a means of enhancing overall quality and effectiveness specially those that involve large scale community action. Many organizations have designed practical constructs to make the idea feasible. This was designed to access how social capital could be made use of in operations.
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For social capital to be practically feasible it can be broken down into 5 elements both at practical and operational level. They are. These elements are important to the development of social capital and provide guidelines in Caiptal area at various levels of operation. By effectively breaking down https://amazonia.fiocruz.br/scdp/essay/essay-writing-format-cbse-class-12/the-american-revolution-the-american-revolution.php these 5 layers, each one can be What Is Social Capital separately and incorporated into operations.
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