Developing Networks and Building Teams

Vocabulary flashcards based on key concepts from Developing Networks and Building Teams.

Social Capital

The ability to build a network of authentic personal and professional relationships.

Human Capital

Individual talent, intellect, charisma; what you know and who you are.

Networking

The process of establishing a mutually beneficial relationship with others.

Bonds

Connections with people who share similar backgrounds, such as family and friends.

Bridges

Links that extend beyond shared identity, connecting individuals with different backgrounds.

Linkages

Connections to individuals or groups regardless of their position in an organization.

Incubator

An organization that helps early-stage entrepreneurs refine ideas and gain access to resources.

Accelerator

An organization that provides tailored support to help existing startups scale and grow.

Impression Management

The conscious effort to influence how others perceive you.

Founding Team

A group of people with complementary skills and shared commitment, forming the core of an enterprise.

Cognitive Comprehensiveness

A process where team members consider diverse approaches and criteria when addressing critical issues.

Groupthink

A phenomenon where shared mindset inhibits the ability to identify gaps or errors.

Healthy Conflict

Constructive disagreements that promote clarity and innovation within a team.

Self-Selected Stakeholders

Individuals who voluntarily commit to connecting entrepreneurs with resources.

Networking to Build the Founding Team

Connecting with individuals to create a team with complementary skills for launching a business.

Virtual Networking

Connecting with others through online platforms to expand one's professional network.

Private Information

Information that is not accessible to the general public, often vital for competitive advantage.

Emotional Support

Personal encouragement and empathy provided by contacts in a network.

Diverse Skillsets

A range of different skills participants bring to a project from varying backgrounds and experiences.

Role Modeling

The act of looking up to or being inspired by others who exemplify qualities or success.

Networking Events

Structured opportunities for individuals to connect and create professional relationships.

Meetup

A social gathering for individuals with common interests, often geared toward networking.

Chambers of Commerce

Local organizations that promote and support business interests within a community.