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Definition: Business Networking

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Business networks means

Postby Mezizilkree В» 02.03.2019

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Networking is the exchange of information and ideas among people with a common profession or special interest, usually in an informal social setting.

Networking is used by professionals to expand their circles of acquaintances, to find out about job opportunities in their fields , and to increase their awareness of news and trends in their fields or in the greater world. The term computer networking refers to linking multiple devices so that they can readily share information and software resources. Networking often begins with a single point of common ground. The most obvious is a professional affiliation, such as stock brokers , but some people find effective networking opportunities in a college alumni group, a church or synagogue social group, or a private club.

For professionals, the best networking opportunities may occur at trade shows, seminars, and conferences, which are designed to attract a large crowd of like-minded individuals.

Networking helps a professional keep up with current events in the field, and develops relationships that may boost future business or employment prospects. Needless to say, it also provides opportunities to help other people find jobs, make connections and catch up on the news. Small business owners network to develop relationships with people and companies they may do business with in the future.

Successful business networking involves regularly following up with contacts to exchange valuable information that may not be readily available outside the network. And, of course, they provide a place to post a resume that can be seen by prospective employers, to search for jobs, or to identify job candidates. LinkedIn is the largest professional network, but there are many others. Some cater to particular subsets of people, such as Black Business Women Online.

Others have a different focus, such as MeetUp, which encourages its members to meet in person off-site. Lunchmeet is just what it sounds like: It's a mobile app that identifies folks in your field who are available locally for a meet-up.

Career Advice. Finances With Children. Your Money. Personal Finance. Your Practice. Popular Courses. Careers Career Advice. What Is Networking? Key Takeaways Networking is used by professionals to widen their circles of acquaintances, find out about job opportunities, and to increase their awareness of news and trends in their fields. Business owners may network to develop relationships with people and companies they may do business with in the future. Compare Accounts.

The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Terms Understanding the Network Effect The network effect is a phenomenon whereby a good or service becomes more valuable when it is used by more people. Social Networking Service—SNS A social networking service SNS is an online vehicle for creating relationships with other people who share an interest, background, or real relationship. Understanding Social Networking Social networking is the use of Internet-based social media programs to make connections with friends, family, colleagues, or customers.

Reading Into Social Capital Social capital is the practical outcome of informal interactions between people. In business, social capital is the contribution to success that can be attributed to networking, internal, or external. Social Media Social media technology facilitates the sharing of ideas, information, and thoughts through the building of virtual networks and communities.

What Is Social Commerce? Social commerce is the use of networking websites such as Facebook and Pinterest as vehicles to promote commercial products and services. Partner Links. Related Articles. Career Advice Careers: Equity Research vs. Investment Banking.

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Re: business networks means

Postby Akinozilkree В» 02.03.2019

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Re: business networks means

Postby Zugrel В» 02.03.2019

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Postby Gardara В» 02.03.2019

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Re: business networks means

Postby Mim В» 02.03.2019

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Re: business networks means

Postby Kajizragore В» 02.03.2019

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Re: business networks means

Postby Voodoojar В» 02.03.2019

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Re: business networks means

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Postby Tygokasa В» 02.03.2019

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Postby Akinolabar В» 02.03.2019

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