How can social capital help overcome the “liability of newness Explain the importance of networks to the inception and growth of small businesses and the link to the concept of social capital.

Essay 3 questions
“How can social capital help overcome the “liability of newness”?”
· The aim of this lecture is to explain the importance of networks to the inception and growth of small businesses and the link to the concept of social capital. Social capital is a major source of competitive advantage to small businesses. Its not only the social capital but also having capabilities to capitalise on social capital that matters.
· Reading:
Recommended Reading:

Storey, DJ and Greene, FJ (2010) Small Business and Entrepreneurship Chapter 7 Nascent Entrepreneurship and Networks

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