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Social capital, expert power, and cultural capital are essential resources for organizations' success.
Social capital is the resource that comes from people's judgment of a company's acceptance, appropriateness, and desirability. It encompasses qualitative indicators like social trust and community belonging.
Expert power is another significant resource derived from knowledge and skill, influencing private acceptance among followers within an organization. Cultural capital refers to the competencies, skills, and qualifications individuals acquire, granting them cultural authority, with educational attainment being a form of institutionalized cultural capital.
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