ISSUES SURROUNDING ACCESS IMPACT ON SOCIAL CAPITAL KNOWLEDGE

ISSUES SURROUNDING ACCESS IMPACT ON SOCIAL CAPITAL, KNOWLEDGE CAPITAL AND HUMAN CAPITAL.

SOCIAL CAPITAL Social capital is “the collective value of all social networks (who people know) and the inclinations that arise from these networks to do things for each other (‘norms of reciprocity’). The central premise of social capital is that social networks have value” (Better. Together initiative, [s. a. ]). Social capital has benefits that are achieved from the use of social networks, hence it creates value for people who are connected to each other. The use of social networks builds social capital, this way we are building our social and communication skills. Our psychological wellbeing helps us feel connected and respected.

KNOWLEDGE CAPITAL Also known as intellectual capital, knowledge capital is the intangible asset that represents the valuable ideas, processes and methods that belong to a company. Businesses encourage employees t share their information on white papers, seminars and person to person communication. Knowledge capital is important because it reduces the odds that a company will have to "reinvent the wheel" each time a particular process is undertaken because its employees have access to documents detailing the necessary steps, and personnel who have undertaken similar activities. Read more: Knowledge Capital Definition | Investopedia http: //www. investopedia. com/terms/k/knowledge-capital. asp#ixzz 4 A 89 Nrug. L

HUMAN CAPITAL Human capital refers the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. http: //www. pammarketingnut. com/2013/11/71 -ceos-believe-human-capital -is-key-source-of-sustained-economic-value/