Social Entrepreneurs operating non-monetary social enterprises may find obstacles gaining their clients’ trust. Lokesh Kuma Singh reveals his experience that not everyone is a social entrepreneur. His dairy social enterprise, encounters trust issues between his organisation and clients. He has to find a balance by ensuring that the animal he sells are healthy and inexpensive. Furthermore, going to the extent of exchanging for a new animal if it does not provide the sustainable returns it should. Continue reading
Symmetric Information may be converging for all those that are connected to the mobile internet and have the incentives to comprehend its full capacity and potential. But to what extent do we know whether our sources are credible? Using Social Media, information is passed on over and over again, most of the time without any credible backing. This seamless technological transaction leaves us in question about the reliability and credibility of the source. Continue reading
Every hand shake, every nod on the street and every interaction; may all lead to social capital.
Have you ever noticed someone consistently as you routinely traveled to your coffee shop for a nice cup of Latte and many months later happen to meet that same person a networking event? -And of course the obvious choice of topic will be the wonderful coffee served at that particular coffee shop. That in itself is social capital accumulation! Our basic interactions in our everyday lives tend to fuel future economic transactions. But how does family bonding fuel economic transactions?… Well, besides the obvious example of family businesses; when your family goes for family gatherings or dinners at a restaurant that a family friend had recommended, that in it self is a great example of how the effect spirals and fuels economic transaction, as one may argue that one who has no family would not normally go out for a family dinner. Continue reading
….Continued referencing from the Manpower research; social capital has always existed and been the driver of economic prosperity. Some argue that it can not exist without the provision of certain rights that institutions provide. But was there not a period where there was no such institutions in place and we were forced to trade based on ‘trust’ or ‘social capital’?
“…In the Human Age, we have become all-day networks, able to act or respond immediately to many different situations. A business deal that begins in Tokyo on a Monday for a global corporation may continue uninterruptedly for days and involve employees and consultants from multiple time zones. Ideas may come from one-time economic outposts or collaborations between people who never meet but know each other virtually…” Continue reading
Could it be that technology innovation is increasing at a rate faster than that of the human mind? We can all agree that there are constant innovations all the time when is comes to technologies. But can engineers and institutions that teach engineering keep up with these technology advances? A recent study released by the Manpower in Singapore has revealed that we are moving to a human age and illustrated the importance of technology advancement, especially in the realm of Social Media. Continue reading