14 May 2008

My network value

I took a test and it seems you will make me rich my friends... you're worth a lot! Of course I knew that already and I cherished it but I had never set a price on it. Well this link has done it for me. 6.700.969 SEK, around 720.000 EUR!

And here is the analysis:

A closer look at your network value

The range of your network is above the statistical average. This alone makes you stand out from the crowd. A network of this size demands high-maintenance. From a statistical point of view there is a limt to the number of individuals with whom any one person can maintain stable relationships. This mean number of individuals is approx. 150 persons. (For more information see Dunbar‘s Number and The Dunbar Number as a Limit to Group Sizes).
Organisational tools, which help you professionally juggle these contacts e.g. www.xing.com offer a simple and effective way to manage and maintain your contact network.

The diversity of your network is currently suboptimal if you're looking to further your career. If you want to get ahead professionally, contacts that stem from business relationships, studies or spare time activities are very valuable. Try to establish connections from these branches. Using XING.com's people finder is a great way to revive old connections or establish new ones.

We asked you how varied your contacts are and you indicated that your network is very varied. A heterogenous network is very valuable and you should already be reaping the benefits. The more assorted and diverse your contacts are, the more you'll gain in terms of different perspectives and information. (Ref: The Strength of weak ties: A network theory revisited, Mark Granovetter).

People who you're regularly in contact with are of high value for daily business; however they add little to your overall network value. In contrast, people who you used to have regular contact with in the past and now not that often (e.g. former colleagues or old college friends) are particularly valuable. (Ref: Granovetter’s Weak Ties - How Weak Is Weak?). These old ties can quite easily be reactivated, especially when you need new ideas, input, inspiration or information.

We've put together a list of literary sources, references and recommendations to help you gain a deeper insight into Social Networking. See references

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