Learn Before
  • Development of Workplace Relationships as Relationship-Specific Assets

Value of Workplace Networks

An employee has worked at a software company for 15 years and has built strong, collaborative relationships with colleagues in the engineering, marketing, and sales departments. Explain why the value derived from these specific workplace relationships might significantly decrease if the employee accepts a job at a competing company.

0

1

a month ago

Contributors are:

Who are from:

Tags

Library Science

Economics

Economy

Introduction to Microeconomics Course

Social Science

Empirical Science

Science

CORE Econ

Related
  • Evaluating a Job Offer

  • An employee has worked at a large corporation for over a decade. During this time, they have acquired various forms of value. Which of the following is the clearest example of a relationship-specific asset developed through their long-term employment?

  • An employee's extensive professional network, built over many years within a specific company, is considered a form of general human capital because its value is fully retained and transferable if the employee moves to a competitor firm.

  • Value of Workplace Networks

  • Strategic Implications of Workplace Social Networks

  • An employee gains various types of skills and connections throughout their career. For each item listed, determine whether its value is primarily tied to the current employer or if it is broadly transferable to other employers.

  • Evaluating a Retention Decision

  • Social connections and professional networks developed over a long period within a specific company are considered __________ assets because their value is significantly reduced or lost if the employee leaves the firm.

  • An employee's professional network within a company develops over time, increasing its value as an asset specific to that firm. Arrange the following milestones in a logical order that reflects the typical progression of building a valuable, internal professional network, from initial integration to deep embedment.

  • Evaluating Corporate Strategies to Reduce Employee Turnover