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Organizational Success And The Concept Of Social Capital

3053 words - 13 pages

Because of its focus on building and nurturing professional relationships to create a chain of information, contact, and networking and the concept of social capital has become critical for individual as well as organisational success.

In today’s fast paced, global, high-tech environment, one’s willingness to, and comfort with networking can notably impact one’s ability to establish contacts, obtain job interviews, and identify and foster mentors. Networking is a specific career competency critical in this era of boundaryless careers. The current research defines networking as behaviours that are aimed at building, maintaining, and using formal and informal relationships that contain the ...view middle of the document...

It has been long realized that the best jobs come from word-of-mouth. As delivered in a lecture series Many people spend time posting resumes on various job websites but the chance of getting a call back is minimal, as the human resources department often becomes overloaded with hundreds of resumes from other interested candidates (Ford, S 21 March 2014 pers. Comm).

Such networking skills are crucial for career and personal success (Janasz & Forret 2007). Our relationships with others are a resource that can provide new ideas, timely information, job opportunities, business leads, influence and social support (Baker 2000). An educated guess presented in a lecture series an estimated 70-80% of all professional jobs are obtained through effective and consistent networking as opposed to classified advertisements (Wang, L 21 March 2014 pers. Comm.).

An conveyed in a lecture series, assumed that networking behaviours lead to informal, voluntary, and reciprocal relationships that in turn facilitate access to resources such as task related support, strategic information, or career success (Ford, S 21 March 2014 pers. Comm).

Network benefits and Career Success

Career success is often a result of effective networking. As demonstrated in a lecture series, career success is defined as the positive psychological or work-related outcomes or achievements one has accumulated as a result of ones work experiences (Ford, S 21 March 2014 pers. Comm). Several studies have found that networking is related to a number of promotions an individual has received in his or her career, and have highlighted that networking is related to perceived career success (Forret & Dougherty 2004; Langford 2000)

Developing interpersonal relationships through networking is considered to be a specific career competency vital for managing one’s career (Arthur, Claman & DeFillippi 1995). It has always been accepted that access to information and access to resources directly relate to objective career success. Greater access to information and resources should enhance individual work performance, as information and resources have been noted as influences that lead to higher levels of motivation and performance (Spreitzer 1996).

For young career-conscious individuals who are seeking to take responsibility for their careers, it is important to establish key contacts. This can be a low-cost but high-return investment, and can particularly help in keeping a realistic eye on the future and not getting locked into a tunnel vision view of the present. One way of achieving this is by volunteering for committee membership of associations/institutions can be a tremendous networking opportunity (Cran, S 28 February 2014 Pers. Comm.). Changes in the business environment, from organization to boundaryless and protean careers, have intensified the importance of interpersonal relations in managing ones career (Gunz & Peiperal 2007; Hall 2004). As research on networking has focused on its...

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