Social Capital and Entrepreneurship provides a critical review of the concepts and principles of social capital and social networks as applied to entrepreneurship. The authors examine interesting research questions and offer a toolbox of methods to answer them. First, a popular new website, Friendster, is used to show the potential power of social capital accessed via social networks. Unfortunately, the potential of social networks often cannot be realized because of various socio-cultural constraints. Taking account of these constraints, the authors offer three empirical generalizations about social networks and show how the concepts of homophily, social boundaries, and bounded rationality provide a framework for understanding the observations. In reviewing these generalizations, well established theoretical contributions and empirical findings from the social capital and social networks literature are provided to help the reader understand these concepts. Throughout the text, various research designs are explained for studying social networks, as well as the issues around their use.
Research Professor. Director at Learning Change Project – Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
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