One overlooked way to differentiate your company’s competitive advantage is social capital.
What is social capital and why is it important?
Social capital allows a group of people to work together effectively to achieve a common purpose or goal. It allows a society or organization, such as a corporation or a nonprofit, to function together as a whole through trust and shared identity, norms, values, and mutual relationships.
How do you grow social capital?
Here are 7 ways to build social capital.
- Network proactively.
- Be strategic.
- Create a diverse network.
- Pay it forward and leverage relationships.
- Set aside dedicated time each week to network.
- Keep in touch with former colleagues and alums.
- Focus your social media networking efforts.
What are your strategies to develop Social Capital?