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MGCR 222 > Networking > Flashcards

Flashcards in Networking Deck (16):
1

what are the 3 types of capital?

1. human
2. financial
3. social

2

what travels via networks?

-private info
-access to resources
-influence potential

3

__ ___ is a structure made of nodes that are tied by some form of interdependency

social network

4

what is social capital?

-relationship with others
-location of contacts within social structure and their ability to improve your returns on human and financial capital

5

what are the two social principles within networking?

1. homophily (self-similarity principle)
2. propinquity (proximity principle)

6

what is homophily?

the tendency to associate and bond to those similar to oneself
-self-similarity

7

what is propinquity?

the tendency of individuals to associate and communicate with those in close proximity

8

describe strong ties

-family, friends, some co-workers
-usually high density
-associated with self-similarity, proximity

9

describe weak ties

-distant contacts
-usually low density
-associated with brokering

10

what is the density of a network?

direct ties/total possible ties

11

under the Shared Activities Principle, you should participate in activities that connect you with others who share interests and actively build your network. What are the three criteria for choosing activities?

1. evoke passion (thus commitment)
2. require interdependence (reliance, possibility of trust)
3. have something at stake

12

what is a central connector?

-person everyone knows and talks to most
-much time spend helping/interacting with others

13

what are peripheral specialists?

-intentionally on the outs and intensely involved in their work
-often connected to a specialist network

14

what is a boundary spanner?

-span across a network
-act as connector
-important for unique info and expertise

15

how is a broker different from a boundary spanner?

-share info and connect people within SAME network
-multiple points of contact across smaller, tightly connected networks

16

what are the 3 types of networks that managers should try to create?

1. operational
2. personal
3. strategic