. What are different kinds of capital? (lecture/section) - ✔✔Financial: money
Human: your marketable talents
Social: your network of contacts and connections
Social capital enables you to transcend your individual limitations by accessing
others resources
. What are the 4 important features of networks? (lecture/section) - ✔✔Types
of contacts: Diversity/Breadth- Range of network, groups that I'm missing
Types of relationships: Closeness/Depth- Strong(close ties): similarity, have
people that we trust. Weak (extended ties): six degrees of separation: some
people rely on themselves to make connections, others rely on brokers.
Types of networks: Density/Leverage- value- added a function of the number of
sectors you can reach and connect. How valuable are your other connections to a
specific connection?
Position in networks: Centrality-How visible and important you are in your social
network. If you fill structural holes. Centrality increases control over and access to
resources
. What are the two major types of network structures and what are the
advantages and disadvantages of each? (lecture/section) - ✔✔William Dawes
vs Paul Revere
Paul revere was able to knock on one door in an area, and unlock an entire social
network that was non overlapping*- with other social networks. He would speak
to random strangers and would know who the town leaders were.
, Natural extrovert
This led to people quickly sounding the alarms
William Dawes would have to speak to one person at a time, and people took
much longer to sound the alarms
. What do networks affect? (lecture/section) - ✔✔Getting a job
Promotions
Salary and bonus
Managerial effectiveness
Innovation and knowledge transfer
Learning and developmental opportunities
Key career transitions
Quality of work life
General health and wellbeing
. What was the main point of the Heidi Roizen case? (lecture/section/case) -
✔✔Use your "strong ties" to help break into new circles
Ask for referrals, introductions
Create links across sectors of your network by making referrals
If you must, "cold call"
Ask for simple favors to initiate a relationship
Be prepared, do your homework
Do the "trite stuff"—write thank-you notes, forward clippings, use a system,
follow-up
Help others develop their networks
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