ADM 1301 Lecture Notes - Lecture 3: Economic Capital, Human Capital, Symbolic Capital

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It is important for future managers to understand who the stakeholders are in the civil sector. Also referred to as the third segment": nongovernmental, not-for-profit. Independent: self-regulating, and, reliant on some measures on the work of volunteers. The totality of voluntary and social organisation and institutes. In the third sector will also have to follow some of rules and regulation that business organisation have to follow, e. g. csr. There are a lot of sorting mechanisms to differentiate this sector as well. Things that make this sector successful; network, volunteerism, social relationships, social development. Ultimate aim of the third sector is to improve the quality of life. Locality and common interests : a group of individuals live in a specific neighbourhood that share a common interest in some issues. Shared characteristics, values, interests, goals that provoke a sense of belonging: closeness, warmth, protection, engagement. Compared to men women are more active in the third sector.

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