JSV International Assistant Service s.r.o. Executive Personal Assistant and Consultant
Business networking is a socioeconomic business activity by which groups of like-minded businesspeople recognize, create, or act upon business opportunities.
A business network is a type of business social network whose reason for existing is business networking activity. There are several prominent business networking organizations that create models of business networking activity that, when followed, allow the business person to build new business relationships and generate business opportunities at the same time.
Many business people contend business networking is a more cost-effective method of generating new business than advertising or public relations efforts.
This is because business networking is a low-cost activity that involves more personal commitment than company money. Country-specific examples of informal networking are guanxi in China, blat in Russia, and Good ol' boy network(US)/Old boy network(UK).
Business networking can be conducted in a local business community, or on a larger scale via the Internet. Business networking websites have grown over recent years due to the Internet's ability to connect business people from all over the world.
Businesses are increasingly using business social networks as a mean of growing their circle of business contacts and promoting themselves and their business online. In general these business networking tools allow business professionals to build up their circle of business partners trusted to do business with.
By connecting these business partners the business networking tools allow individuals to search for certain business people within their network. Through introductions, the members of these tools then can get in contact with new prospective business partners.
Since businesses are expanding globally, social networks make it easier to keep in touch with other business contacts around the business world.
We also attend regularly networking events, May 2014.