In: Operations Management
Define "Social Capital" in describe why you think it is important "intangible" within an organization. 2. Do you agree or disagree that personal relationships and trust are important to organizational culture? If so, why? If not, why not? Use examples from your experience and/or organization to explain
1. Social capital can be defined as a network of a relationship among People who live together in a society and work together for an effective and smooth functioning of an organization.
The relationship among People is highly responsible for the performance of the organization as a whole. The coordination among the employees can make the work to complete effectively on time and run the organization at the required pace. It is a kind of an intangible asset in any organization because it leads to impactful coordinative efforts to perform any task leading to the success of an Organization.
2. Yes, I agree that personal relationships and trusts are important to the Organizational culture. It is because it is very important to have trust in other employees because trust brings empowerment to the employees and then they will put every possible effort to perform the task. Also, personal relationship gives mental support to the employees to sustain the workload.