Working in networks and network organizations corresponds to the new, open forms of corporate management, which not only differentiates and positions the company from the competition, but primarily cooperates with other market participants. This also means that the company as an organization maintains open communication with changing partners. In addition, it allows the flexible expansion and reduction of capacities and competencies as required and thus the response to rapidly changing working conditions.
Networks promote the creation of corporate and social capital. A company's involvement in networks and organizations creates added value - by bringing together knowledge and complementary skills, - the recommendation of members by network organizations and network partners, - the representation of common interests by an independent organization supported by members, etc.
Networks can also develop into industry-specific clusters with corresponding synergies in cooperation.
Digital business networks as examples: Linkedin, XING ...
Analogue networks as examples: BNI, family entrepreneurs, VEU ...
See also: Reference to QET guidelines: Q10 Networks