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Social Capital and Business Entrepreneurship
Social capital is perhaps the biggest growth area in entrepreneurship research. Scholarly studies have been gone into different aspects of entrepreneurship within the framework of social capital: entrepreneur (Anderson & Jack, 2002); organisation (Nahapeit and Ghoshal, 1998); firm regional (Wes...
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| Format: | Article |
| Language: | English |
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2011
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| Summary: | Social capital is perhaps the biggest growth area in entrepreneurship research. Scholarly studies have been gone into different aspects of entrepreneurship within the framework of social capital: entrepreneur (Anderson & Jack, 2002); organisation (Nahapeit and Ghoshal, 1998); firm regional (Westlund, 2006); family business (Greve & Salaf, 2003; Anderson & Miller, 2003); national (Kown & Arenius, 2010); and even social liabilities (Weber & Weber, 2009). Quite often, held that entrepreneurs' social networks are also strongly affected by their social capital, which is often defined either as (1) the ability of individuals to extract benefits from their social structures, networks, and memberships, or (2) these benefits themselves - the advantages individuals gain from their relationships with others (Nahapiet and Ghoshal,1998). In nutshell, the concept of social capital is an embodiment of entrepreneurial strategy to use of hard resources lying beneath social relations to increase entrepreneurial productivity. In fact, resource acquisition and dispensation within the network is an existential challenge for every entrepreneur. Normally, right from the moment an entrepreneur... |
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