Business networking in the context of "LinkedIn"

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⭐ Core Definition: Business networking

Business networking is the practice of building relationships with individuals and businesses for professional purposes. It involves the strategic exchange of information and resources to create connections that can be mutually beneficial. Business networking can be conducted in person, online, or through a combination of both. Through repeated interactions, companies create deeper connections. This encourages knowledge exchange, mutual adaptation, and a commitment of resources, which can be both financial and social, to one another.

Business networking helps individuals achieve effective networking which can result in career advancement, building mutually beneficial relationships and knowledge sharing. There are two main approaches of networking: in-person events like conferences and online platforms like LinkedIn. Setting clear goals beforehand and following up with connections after the event are two methods used to maximize the value of the interactions. It is estimated that around half of all jobs in the USA are found via networking.

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Business networking in the context of Social club

A social club or social organization may be a group of people or the place where they meet, generally formed around a common interest, occupation or activity with in an organizational association known as a club. Examples include book discussion clubs, chess clubs, country clubs, final clubs, strip clubs, fishing clubs, gaming clubs, women's clubs, gentlemen's clubs (known as private member’s clubs in the U.S.), hunting clubs, military officers' clubs, political clubs, religious clubs (such as Christian fellowships), traditional fraternal organizations, service clubs, fraternities and sororities (Greek-letter organizations), business networking clubs, science clubs, hobbyist clubs, informal professional associations, and university clubs. The term can also refer to a criminal headquarters, such as the Ravenite Social Club or the Cage.

This article covers only three distinct types of social clubs – the historic gentlemen's clubs, the modern activities clubs and an introduction to fraternities and sororities. This article does not cover a variety of other types of clubs having some social characteristics. Social clubs have commonly been used by the Mafia as meeting places, many mob crews even being named after the club that they are based out of (The Palma Boys Crew, The Gemini Crew, The Veterans & Friends Crew).

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Business networking in the context of Professional services network

Professional services networks are business networks of independent firms who come together to provide professional services to clients through an organized framework. They are notably found in law and accounting. Any profession that operates in one location, but has clients in multiple locations, may provide potential members for a professional network. This entry focuses on accounting, legal, multidisciplinary and specialty practice networks. According to statistics from 2010, members of these networks employ more than one million professionals and staff and have cumulative annual revenues that exceed $200 billion.

The accounting networks developed first to meet the US Securities and Exchange Commission's requirement for public company audits. They include the well-known accounting networks like PwC, Deloitte, Ernst & Young and KPMG (also known as the Big 4 Audit Firms) as well as more than 30 other accounting networks and associations. They are highly structured entities.

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