Question

Jacob has built up a wide network of contacts, clients, and local business neighbors since moving to Central City five years ago. Throughout his home-based marketing career, he has regularly and frequently networked with these business associates online, by phone, and in person. As he considers leaving his marketing career to become an owner/manager of a local business, he will rely upon the ________ that he has developed with these individuals to ensure a successful transition to a new career.

Answer 1

Answer:

The answer is network.

Explanation:

Network is a way of interacting with others to exchange some information or establish social contacts. Since Jacob has built up a wide range of contacts, clients, and local business neighbors over the years as mentioned in the statement, he will generally leverage on the network he has developed with these individuals as he intend to move to another phase of his career.

Answer 2

Answer: Jacob will rely on the SOCIAL CAPITAL he had developed with those individuals to ensure a successful transition to a new career

Explanation:

Social capital can be referred to as the positive contribution to the success of an organization which can always be associated to the healthy networks or relationships established within and outside the organization.

The term may also be used to refer to personal relationships that exists within an organization that aids to establish respect, integrity and trust among workers which consequently results to improved organizational performance.

In much simpler terms, social capital is the name given to the outcome or result of healthy human relationships or interactions.

Now, with respect to Mr Jacob who has successfully established a healthy network of contacts; as he ponders and considers the possibility of ending his marketing career in inorder to become an entrepreneur, he will certainly rely on the SOCIAL CAPITAL that he has established with his network of contacts in order to somewhat guarantee a smooth transition to a new career.