College 2

Question 1

Social embeddedness

Answer 1

defined as the degree to which commercial transactions take place through social relations and networks of relations that use exchange protocols associated with social, non-commercial attachments

Question 2

The paradox of embeddedness

Answer 2

If the organization is too embedded, it can reduce the organization’s ability to adapt

Question 3

First-order network

Answer 3

Is made up of an actor’s ties to its exchange partners

Question 4

Second-order network

Answer 4

Is made up of an actor’s exchange partners ties to their trading partners

Question 5

Core periphery

Answer 5

characterized by a cohesive subgroup of core actors and a set of peripheral actors that are loosely connected to the core