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Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
Based on Philippines government research, there is a noticeable rise of Internet use in the Philippines after it was first introduced on March 29, 1994. “They were connected to the internet via SprintLink”, [9] this changed the Philippines culturally and politically. Social media is a leading motive for Internet use in the Philippines, but ...
The popularity of social networking in the Philippines can be traced in the Filipinos' culture of "friends helping friends." For Filipinos, their friends and who they know can become more valuable than money, especially when what they need can be achieved through nepotism , favoritism, and friendship among others.
For example, in 2017 the government in the Philippines began an investigation into an allegation of misuse of tobacco tax funds in Ilocos Norte from 2010 to 2016. [ 58 ] [ 59 ] This patron-client system which causes rampant graft and corruption maintains a society that discriminates against the poor in favor of connected individuals and ...
“features of social organization such as networks, norms, and social trust that facilitate coordination and cooperation for mutual benefit”. [7] Lin “resources embedded in a social structure that are accessed and/or mobilized in purposive actions”. [8] Coleman “Social capital is defined by its function.
Woke capitalism, woke capital and stakeholder capitalism [6] are terms used by some commentators to refer to a form of marketing, advertising and corporate structures that pertains to sociopolitical standpoints tied to social justice and activist causes. [7]
Philippine Business for Social Progress (PBSP) is the largest corporate-led social development foundation in the Philippines. [1] Founded in 1970, PBSP was the first in Asia to lead the promotion and practice of corporate social responsibility (CSR). [ 2 ]
A social enterprises can be structured as a business, a partnership for profit or non-profit, and may take the form (depending on in which country the entity exists and the legal forms available) of a co-operative, mutual organisation, a disregarded entity (a form of business classification for income tax purposes in the United States), [5] a social business, a benefit corporation, a community ...