Introduction

The business network system

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Table of Contents

Introduction. 2

Discussion. 2

Developing a viable network takes time. 2

Conclusion. 5

Reference list 6

Introduction

Networking is the system through which it can be possible to make connections and it is also possible to make the relationship strong. The network provides contacts through which the business can be developed. A successful network also helps people to make the important career decisions that also make any business successful. Networking in the business sector helps the business to upgrade it through personal connections. The networking system also connects the customers, suppliers, and also retail sectors which also helps to upgrade the business. This system also helps to run the business sector in a pepper way. The key performance indicators are the tools through which the measurement of the business performance can be done easily. The key performance indicators help the company to measure the technique and the strategies which are helpful for the growth of the company. It also helps the running business to compare it with the other business.

Discussion

Through these indicators, the company can be able to measure the competition in the market in the same sector. Business networking systems also help the companies to make a new model which is helpful for the improvement of the company. The Networking system also helps the company to create so many events through which the company can be able to promote the business and also become able to get the maximum profit from it.

Developing a viable network takes time

Business networking systems take time to develop and through it, the corporate sectors are developed. Developing a strong and beneficial networking system takes time. The networking system also developed the strategies and techniques and also the tactics of the business. A successful business needs a strong networking connection to make its actions successful (Datta, Navamani & Deshmukh, 2020). A successful networking system also makes the strong bonds which make the strong relationships through which it can be possible to develop the business and also possible to support the business actions. A strong networking system is the backbone of the business sector. The networking system is a vital part of the business sector through which it is possible to foster the relationship of the business which enhances the percentage of the business performance. There are so many stages to make the networking system successful.

Figure 1: Business Network contact system

Source: (Jiang et al., 2018)

At first to create a strong network one should take the reference of the customers because the service is for them. So it is needed to seek their preference for the production purpose. It is useful if someone asks them for their preference and also asks them for their choices. It is acceptable and also helpful to build a strong network connection. Feedback from the customer is always useful to make a strong connection and also the network. It gives the business sector a good chance to make the connection and also to start the introduction. Customers are an important part of the business (Jiang et al., 2018). So it becomes helpful if the business sector asks them to use the testimonials of the product and also give their feedback. It is helpful to make the decision which is helpful for the business and also helps to upgrade it. If the feedback of the testimonials is good then it becomes secure to launch it in the market and thus the production cost is also reduced. A networking system is also helpful for industry meetings. Currently in the era of digitalization networking systems make a great impact to make the meetings with the clients and the conferences with the employees possible. Creating blogs is also helpful for making a good networking system. The networking system speaks for the opportunity for the business which is helpful for the company (Bresch, Großekathöfer & Garcia-Molina, 2018). Through the networking system, it can be possible to identify the participation of the customer in the business sector and also possible to identify their preference and their choices. Networking system also helps the business sectors to satisfy the customers which is helpful for the growth of the business and also helpful for developing the brand image of the company.

Figure 2: Business Networking System

Source: (Deszczynski, 2018)

It is true that time is an important factor in the business sector so it is also called that time is money. Companies have to prioritize their work as per the time limit so they can be able to make their goal possible within the time limit. Time management is important for the business sector (Deszczynski, 2018). Through better time management it is possible to create good opportunities for the business sector. Better time management helps to grow the business in a sustainable manner. Time management also boosts the performance of the business. It also creates production power among the employees of the business. Time management plays a major role in the business sector. It creates the culture and creativity among the employees of the company and also envelopes the business activity of the company. Time management also helps to motivate the employees of the company which also helps to grow the business of the company (Mussapirov et al., 2019). Better time management provides inertia among the employees of the company. Spending time in one particular activity needs sacrifice from the other activities so time management is needed. Poor time management lowers the motivation among the employees of the company. Poor time management also damages the relationship between the clients and the managers of the company. Better time management makes a successful entrepreneur for the company which is also helpful for the business. Through better time management it is also possible to avoid failures and it is also possible to maximize the profit of the company. Time is an important factor in the business sector and it also helps to create good habits among the employees.

Conclusion

So it can be concluded that the networking system is helpful for business growth but creating a successful networking system also takes time and is beneficial for the organisation. Time is also an important factor for the business to prioritize the activities and to achieve the goal. Engaging time in a particular work also reduces the time for the other activities so time management is important. Building the networking system is beneficial for the sustainable business approach and also helpful for the development of the company.

Reference list

Mussapirov, K., Jalkibaeyev, J., Kurenkeyeva, G., Kadirbergenova, A., Petrova, M., & Zhakypbek, L. (2019). Business scaling through outsourcing and networking: selected case studies. Entrepreneurship and Sustainability issues, 7(2), 1480-1482. Retrieved from: https://pdfs.semanticscholar.org/0589/dbed26eaf774ae7769ef40ed644f6ff3eef9.pdf

Bresch, E., Großekathöfer, U., & Garcia-Molina, G. (2018). Recurrent deep neural networks for real-time sleep stage classification from single channel EEG. Frontiers in computational neuroscience, 12, 85. DOI: https://doi.org/10.3389/fncom.2018.00085

Datta, D., Navamani, T. M., & Deshmukh, R. (2020). Products and movie recommendation system for social networking sites. International Journal of Scientific & Technology Research, 9(10), 262-270. Retrieved from: https://www.researchgate.net/profile/Debajit-Datta-2/publication/344841188_Products_and_Movie_Recommendation_System_for_Social_Networking_Sites/links/5fa0639b299bf1b53e5ca72c/Products-and-Movie-Recommendation-System-for-Social-Networking-Sites.pdf

Deszczynski, B. (2018). Business networking in social media-a case study of Polish export professionals. Journal of Eastern European and Central Asian Research (JEECAR), 5(1), 13-13. Retrieved from: https://ieeca.org/journal/index.php/JEECAR/article/view/185

Jiang, X., Kim, M., Lauter, K., & Song, Y. (2018, October). Secure outsourced matrix computation and application to neural networks. In Proceedings of the 2018 ACM SIGSAC Conference on Computer and Communications Security (pp. 1209-1222). DOI: https://dx.doi.org/10.1145%2F3243734.3243837