Wednesday, 30 October 2013

Social capital mobility benefits

In many organizations, members tend to focus their activities inside their own groups, which stifles creativity and restricts opportunities. A player whose network bridges structural holes has an advantage in detecting and developing rewarding opportunities.[48] Such a player can mobilize social capital by acting as a “broker” of information between two clusters that otherwise would not have been in contact, thus providing access to new ideas, opinions and opportunities. British philosopher and political economist John Stuart Mill, writes, “it is hardly possible to overrate the value...of placing human beings in contact with persons dissimilar to themselves…Such communication [is] one of the primary sources of progress.”[50] Thus, a player with a network rich in structural holes can add value to an organization through new ideas and opportunities. This in turn, helps an individual’s career development and advancement.
A social capital broker also reaps control benefits of being the facilitator of information flow between contacts. In the case of consulting firm Eden McCallum, the founders were able to advance their careers by bridging their connections with former big 3 consulting firm consultants and mid-size industry firms.[51] By bridging structural holes and mobilizing social capital, players can advance their careers by executing new opportunities between contacts.

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