Leveraging Network Capital for Strategic Success PPT
This PPT slide, part of the 25-slide Behavior, Cognitive, Network (BeCoN) Capital PowerPoint presentation, titled "Network Capital – Overview" provides a succinct definition of network capital, emphasizing its role as a collection of connection points that organizations can leverage to formulate and execute effective strategies. This concept is crucial for modern businesses, as it highlights the importance of relationships and affiliations in achieving organizational goals.
The slide includes 2 case examples that illustrate the practical application of network capital. The first example discusses Netflix, which has cultivated a substantial community of followers who engage with each other on social media platforms. This interaction not only enhances the viewing experience, but also adds value to Netflix's original content. The network of viewers contributes to the platform's success by sharing insights and recommendations, thus reinforcing the idea that a strong community can amplify a brand's offerings.
The second example focuses on General Electric (GE), which organized an open innovation competition aimed at reducing costs for a specific engineering project. Interestingly, the winner of this competition was a young individual from Indonesia, showcasing how tapping into a diverse network can yield innovative solutions that internal teams might overlook. This example underscores the potential benefits of engaging with external contributors to drive innovation and efficiency.
The concluding statement reinforces the notion that organizations with extensive networks of affiliates, followers, and loyal customers possess significant advantages. This insight is particularly relevant for executives considering strategic initiatives aimed at enhancing their organization's network capital. Overall, the slide effectively communicates the value of building and maintaining strong connections in today's business environment.
This slide is part of the Behavior, Cognitive, Network (BeCoN) Capital PowerPoint presentation.
EXPLORE MORE SLIDES FROM THIS PRESENTATION
EXPLORE MORE PRESENTATIONS ON
Information Technology Resource Management Open Innovation Innovation
Flevy is the world's largest knowledge base of best practices.
Leverage the Experience of Experts.
Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.
Download Immediately and Use.
Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.
Save Time, Effort, and Money.
Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.
