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This chapter explains the importance of social capital for society, management and entrepreneurship. It emphasises the scholarly importance of social capital in the fields of social science, economics, health, arts and humanities. There is a large and robust body of research that addresses three main views pertaining to social capital: communitarian; networks; and institutions. The communitarian view reflects social cohesion amongst and between members in a group and moral behaviours. The networks view refers to different social ties available to individuals and associated norms that promote access to resources. The institutional view represents social capital as an outcome of institutions, democracy and rule of law. Furthermore, the chapter proceeds to explain the relevance of three social capital dimensions in management and entrepreneurial social capital research-namely, structural (bonding, bridging), relational (trust, reciprocity and norms) and cognitive (communication). It also illuminates the complex linkage between bonding and bridging network structures and dynamics of relational and cognitive features.
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- Social Capital: Its Foundations and Application in Management and Entrepreneurship
- Palgrave Macmillan UK
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