Question

Select a firm for which you believe its social capital is vital to its competitive advantage and support your arguments.

*Please use the different answers from the chegg because my friends already using it. Thankyou.

Answer 1

The example of a firm in which social capital has proved to be contributing to its competitive advantage is the one I am working with is a family business. Here the information exchange between individuals becomes easy and strong relationships enhance information flows. There is cohesiveness and trust among organizational members which is important advantage over competitiors.all members see themselves as a family which shows a sense of long term orientation. There is low cost associated as partners are chosen from the family members only the customers recognize the company with the family name