Embedded Brokerage: Hubs Versus Locals

The structural holes to which a person is connected are embedded in a broader organization or market. High status in the broader context signals a reputation that can make a would-be broker more attractive, more likely to engage opportunities to broker, and allay audience concerns about proposed brokerage. The implications are correlation and contingency. We offer illustrative evidence of both implications and conclude that status and structural holes are so closely related in concept and fact that advantage is more clearly revealed when the two network forms are analyzed together as complements defining the hubs in a network.