The 6 Benefits of Networking for Organizations

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Anneke Zwart
Student (University), Netherlands

The 6 Benefits of Networking for Organizations

Networking can yield a number of benefits for individuals, but also for organizations. The Hunter Institute mentions 6 advantages that networking can have for organizations:
  1. INFORMATION SOURCE: networking increases the necessary information sources about the industry in which the organization is working, the marketplace and also the broader community/society.
  2. BUSINESS OPPORTUNITIES: networking increases the opportunities in terms of doing business with a larger range of consumers.
  3. INNOVATION/CREATIVITY OPPORTUNITIES: large networks have the advantage that it can provide possibilities to tap into ideas about creative and innovative ways of operating or developing.
  4. ACCESS TO EXPERTISE: a large network increases the access to industry expertise.
  5. ASSISTANCE ON DIFFICULTIES: with the right people/organizations within your network, support can be provided when your team or organization is struggling with.
  6. PARTNERSHIPS AND ARRANGEMENTS: networking presents possibilities for partnerships and arrangements that are beneficial for the organization.
⇒ Can you think of any other benefits of networking for organizations?
Source: PowerPoint How to Develop Effective Workplace Relationships?

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