See the below image for the Building your social capital diagram. As you can now see, building social capital, for both businesses and individuals, really comes down to developing and nurturing relationships with others. When companies and citizens work together and form close professional and personal bonds, whole communities can transform for the better.
Here are 7 ways to build social capital to support your career advancement: 1. Network proactively. Networking proactively is important. What happens if you don’t have a strong network, and suddenly you lose your job?
It is possible to be conscious of social capital, and to consciously build your social capital, but it is always going to be most beneficial when there are no expectations of a return on your investment. Social capital can be ‘used up’ or ‘spent’ if too many favours are ‘called in’ without reciprocation.