ESTABLISH NETWORKS
BSBREL401A
Joanna Bartlomiejczyk
CHAPTER 1
DEVELOPING AND MAINTAING BUSINESS NETWORKS
BUSINESS NETWORKING is a socioeconomic activity by which groups of like-minded businesspeople recognize, create, or act upon business opportunities. A business network is a type of social network whose reason for existing is business activity. Business networking can be conducted in a local business community, or on a larger scale via the Internet, is an effective low-cost marketing method for developing sales opportunities and contacts, based on referrals and introductions- either face-to-face at meetings and gathering, or by other contact methods such as phone, email, and increasingly social and business networking websites.
Assessment activity 1
PART A 1. What networks do you or your organization currently belong to and how were there contacts developed?
Currently I don’t belong to any particular associations but my company is a member of ex associations. My company has as objective to build up a strong networking group where 29% of customers come from. The company has got policies under the human resource department that all senior managers are to be sending for important conference and seminars. One of the main motives of the company to send a manager is to create more networks and get to more information.
Over of period of time some of the contacts that they were developed become our suppliers and some of the contacts become employees. Therefor our companies’ objective is to expend the business through networking
2. List the network strategies or channels the exist for you to develop new networks and contacts
To develop new networks and contacts we can use many different network strategies as: * Participating in conference * Attending seminars and business * Becoming a member of a professional association * Maintaining regular contact with people you meet professionally and