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Entrepreneurship and mutuality: social capital in processes and practices

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<mark>Journal publication date</mark>24/07/2014
<mark>Journal</mark>Entrepreneurship and Regional Development
Issue number5-6
Number of pages25
Pages (from-to)453-477
Publication StatusPublished
Early online date20/06/14
<mark>Original language</mark>English


Social capital, which offers the broader theoretical construct to which networks
and networking relate, is now recognized as an important influence in
entrepreneurship. Broadly understood as resources embedded in networks and
accessed through social connections, research has mainly focused on measuring
structural, relational and cognitive dimensions of the concept. While useful, these measurements tell us little about how social capital, as a relational artefact and connecting mechanism, actually works in practice. As a social phenomenon which exists between individuals and contextualized through social networks and groups, we draw upon established social theory to offer an enhanced practical understanding of social capital – what it does and how it operates. Drawing on the work of Pierre Bourdieu and Robert Putnam, we contribute to understanding entrepreneurship as a socially situated and influenced practice. From this perspective, our unit of analysis is the context within which entrepreneurs are embedded. We explored the situated narratives and practices of a group of 15 entrepreneurs from ‘Inisgrianan’, a small town in the northwest of Ireland. We adopted a qualitative approach, utilizing an interpretive naturalistic philosophy. Findings show how social capital can enable, and how the mutuality of shared interests allows, encourages and engages entrepreneurs in sharing entrepreneurial expertise.