Finance Proposal

Social capital is the is the social connections that allow for social interactions in which an individual has opportunities to build bonds, help others out, and affect change for the better. When the social engagement is reciprocated, it can produce benefits for the multiple individuals engaged in the activity and so further the circumstance of the society.

Depending on the source the definition varies to some extent but here it is defined as “social networks, the reciprocities that arise from them and the value of these for achieving (mutual) goals” (3). Given this definition, social capital can be further subdivided into structural and cognitive social capital (3). Structural social capital refers to the forms and ways that social organizations and networks cooperate and interact with each other. Cognitive social capital on the other hand, has to do with the norms, values, attitudes and beliefs that come about from the interactions of communities through social organizations and networks (3). Building upon these concepts, it is through the involvement with these social networks that peoples’ health is influenced, specifically sexually related behaviors (3).

Social capital is “the social knowledge and connections that enable people to carry out their goals and extend their influences.”(1) When joining an organization, members are optimistic of achieving social capital. They aspire to connect with others who have similar interests, and strive to influence people of their beliefs and views. Members have high hopes of impacting society one day.

Kumar, P. (2010). Successful implementation of ERP in a large organization International journal of engineering science and technology. Vol. 2(7), 3218-3224. Retrieved from http://www.ijest.info/docs/IJEST10-02-07-151.pdf

In short, social capital is “the social knowledge and connections that enables people to accomplish their goals and extend their influences.”(1) When joining an organization, members are optimistic of achieving social capital. They aspire to connect with others who have similar interests and strive to influence citizens of their beliefs and views. Members have high hopes to one day make a difference.

Social capital emcompasses the links, shared values and understandings in society that enable individuals and groups to trust each other and work together. The benefits of Social Capital arise from the trust, reciprocity, shared information, and cooperation associated with social networks. Societal value is created through connection between people.

Brokers are also important because they enable organizations to access non-local information and expertise to support organizational work (Hansen, 2002; Obstfeld, 2005; Reagans & McEvily, 2003). Again, we found critical differences between how brokers in the two settings access and activated social capital. District brokers did not activate information they accessed by sharing it with others in their organization, preventing their home organization from capitalizing on the access the brokers enabled. Organization often rely on information and expertise accessed by members from across organizational boundaries. The district brokers in this study did cross organizational boundaries to gather much needed information, but we found no

In all facets of business, it is certain that a properly implemented ERP system will help save labor, resources, and overhead. The system will aid in discovering unneeded labor and misuse of the organization 's resources. It will help optimize the businesses ' processes. For instance, the human resources department is able to identify the necessary level of laabor to accommodate an unexpected change in customer demant as soon as a sales spike occurs. These types of decisions can be made on the spot and this can rid the organization of communication difficulties during times of crisis (ERPwire.com).

Enterprise resource planning enables firms to replace different departmental information systems and database silos with systems that collectively work as a single cross functional database. ERP systems are available for every key business function such as order processing, production control, HR, warehouse, marketing, finance and much more. By having a common technology and database platform throughout the firm, systems and processes from various departments can be integrated that achieve superiority in terms of enhanced cost, operational and productivity benefits. Implementing an ERP system requires careful planning to achieve the targeted benefits and minimize the risk of project failure.

ERP (Enterprise Resource Planning) implementation is regarded as complex, cumbersome and costly, and, very often, it exceeds the initial estimated resources. The process involves a thorough examination of the business processes in the organisation; selection of the best available software solution that matches the requirements of the enterprise; configuration of the selected systems;, training of staff; and customisation of the selected software solutions including

Dezdar, S., & Ainin, S. (2011). The influence of organizational factors on successful ERP implementation. Management Decision, 49(6), 911-926.

There are several limitations in this research. First of all, the time given; the researchers had done this report in nine weeks, they had a very

Social capital is ‘’the aggregate of the actual or potential resources which are linked to possession of a durable network of more or less institutionalised relationships of mutual acquaintance and recognition.’’(Bourdieu 1983:249). Social capital is defined by its function. ‘’It is not a single entity, but a variety of different entities, having two characteristics in common, they all consist of some aspect of a social structure, and they facilitate certain actions of individuals who are within the structure’’ (Coleman 1994: 302).According to the World Bank, ‘Social capital refers to the institutions, relationships, and norms that shape the quality and quantity of a society’s social interactions… Social capital is

Social capital is the combination of two types of resources. One is tangible resources and another one is intangible resources. The tangible resources are public spaces and private property and intangible resources are actors, human capital and people (Wikipedia, 2017). Social Scientists divide social capital in two parts. One is bonding and the other one is bridging. This bonding and bridging help to improve firm’s internal ties (Adler & Kwon, 2002; Leanna & Van Buaren, 1999). Social capital create network among society, makes bonding with same people and makes bridge for diverse people. This work is done by norms and reciprocity (Dekker & Uslaner, 2001). Social capital is horizontal association among people for firm’s productivity and well-being which build by social network and social norms (World Bank, 1998).

Q1. How can social media such as LinkedIn, Facebook, and Twitter be used to improve knowledge sharing, build social capital, support innovation, and aid problem solving in one of the following context -