The 6 Benefits of Networking for Organizations

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?’

		Comments Sort by date Sort by rating Rating
		4 Ahmed Almosa Saudi Arabia
	Another Benefit from Networking for Organizations 7. ENHANCING FAIR COMPETITION among various organisations in the same industry. Networking can provi... Sign up

		3 Andy Radka Director, United Kingdom
	Networking and Collaboration Good list Anneke. Only point that I would add is that in my experience Networking is the vehicle fo... Sign up

		1 Andrew Blaine Business Consultant, South Africa
	Trust and Implementation Some other major benefits for organizations to be derived from Networking include: 8. TRUST. We cho... Sign up

		1 Alfred Schut Business Consultant, Netherlands
	Networking is More Than Communicating Networking is important for SHARING KNOWLEDGE accross the organization. It's a cultural negotiation ... Sign up

		1 C.L. Kappagomtula Professor, Malaysia
	Networking is Nothing But Building 'Guanxi' Circles The topic initiated is nothing but the "Guanxi" circles, prevalent in China for Centuries. Building ... Sign up

		3 Augusto Carreira Partner, Portugal
	The Network Nature of Organizations This is one main topic of my research (to be published soon). An organization only EXISTS in the con... Sign up

		1 Bernhard Keim Business Consultant, Germany
	Think About Whom to Network Besides all the benefits one should not forget that networking also takes time. So be a little selec... Sign up

		2 jorge anibal hoyos hoyos Manager, Colombia
	People Do Exist as Well Nobody mentions how far modern networking has immolated (editor: ~sacrificed) the personal contact, ... Sign up

		2 Akomea Professor, Ghana
	Networking is a Factor of Production I believe networking is now a major force and must be added to the traditional factors of production... Sign up

		1 aziz Student (University), United States
	Sincere Networking Excellent post. @jorge anibal hoyos hoyos: I think networking should be genuine. Showing interest in... Sign up

		2 David Wrigley United Kingdom
	The Value of Personal Networking for Organisations Networking within an organization and their area of business are the "formal" and almost expected co... Sign up

		0 Mohammed HR Consultant, Saudi Arabia
	Benefits of Networks for Organizations I never found any organization around the world without a strong network and a qualified staff worki... Sign up

		1 Tesfu
	Advantages that Networking Can Have for Organizations Networking also can provide an opportunity for raising issues of common concerns amongst organizatio... Sign up