Mustafa has begun the planning process for his entrepreneurial venture. He has completed an assessment of his vision to operate a home-care service for the elderly, for which he feels there is a strong market. He has a good understanding of the availability of his own resources and his personal ability to manage the business. Now he is prepared to start compiling functional plans for marketing, finance, and human resources so that he can obtain the financing he will need to start. He is also contemplating how to develop the right reputation and create the proper networks to find employees and customers as well as get advice from fellow businesspeople. When Mustafa worries about his network and his business's reputation, he is concerned with

Question

Quizplus · Accepted Answer

Mustafa's concern with developing the right networks and reputation is related to social capital, which is the value that can be derived from strong interpersonal relationships and networks. As he seeks to find employees, customers, and receive advice from fellow businesspeople, Mustafa will need to rely on the social capital he has built.

Mustafa Has Begun the Planning Process for His Entrepreneurial Venture