You've heard of financial capital but, have you heard of "social capital"?
Financial capital is generally considered to be wealth that is accumulated individually or in a business and used, or available for use, in the production of more wealth. "Social capital" is in fact very similar. It, too, is accumulated by an individual or business and used or available for use in the production of wealth. Social capital is the accumulation of resources developed through personal and professional "networks". These resources include ideas, knowledge, information, opportunities, contacts and, of course, referrals.
Social capital is built by design, not chance. According to Wayne Baker, author of Achieving Success Through Social Capital, "Studies show that lucky people increase their chances of being in the right place at the right time by building a 'spider web structure' of relationships that catch information." Furthermore, according to Baker, "success is social; all the ingredients of success that we customarily think of as individual—talent, intelligence, education, effort, and luck—are intertwined with networks." [ Read more... ]
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ALSO IN THIS ISSUE
BNI Foundation Reaches Out to Children Worldwide
The BNI Foundation, with its focus on children and education, has given many mini-grants to aid education programs for children over the last 12 months.
The Foundation has two levels to recognize individual donors: Patron ($500 donation) and Benefactor ($1000 donation). Now, there are three levels to recognize CHAPTERS that donate to the mini-grant program.
The Grant Sponsor level... [ Read more... ] |
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