MGMT 160 Lecture Notes - Lecture 11: Social Capital, Structural Holes
22 Nov 2020
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Document Summary
As collaboration becomes more central part of the modern organization, understanding informal networks becomes more important. Not just mapping networks, but understanding bene ts and costs of collaboration. Collaboration is an increasingly vital feature of business life. But when companies promote collaboration indiscriminately, they create bottlenecks and diminish their organizational effectiveness. A network perspective gives executives the information they need to foster collaboration at the points where it delivers economic return (p. Figuring out where expertise is not being shared. Reward people who facilitate collaboration in ways that do not necessarily show up on individual performance evaluations. Solve problems more quickly by identifying expertise. Increased knowledge sharing and shared problem solving how best to allocate resources. Better ability to measure and manage talent. Who to train for better interactional skills. A professional network is the set of relationships critical to one"s ability to get things done, get ahead, and develop personally and professionally.
