Social Capital

The video tutorial explains social capital as the value individuals and organizations gain from being part of social groups or relationships. It highlights key components like trust, cohesion, and communication that facilitate social capital. The tutorial also covers three principles: embeddedness, appropriability, and reciprocity, which underpin the value of social capital. Finally, it emphasizes the importance of social capital in understanding organizational behavior.

What does 'appropriability' mean in the context of social capital?

Describe the concept of 'reciprocity' in social relationships.