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In: Operations Management

Discuss the importance of business networking.

Discuss the importance of business networking.

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Expert Solution

Explanation:

  • Networking is the best way that you can setup new relation and can gain new contact that can give you more leads for your business. Communication through networking can access you to different new business entities that can help you to expand and market your business in different location. It can grow your professional network also.
  • Business networking can get you latest update that happen in market through different networks. Business friends can provide insight of market that will be helpful in taking some decisions for company. You can know current business trend through various networks.
  • You can have referral through networking and that can expand or grow business for the company. Referrals always increase the business in market for company and expand profit also.
  • Through networking you can gain some knowledge from experts and useful tips for the business and it will give you deep knowledge of industry and trend.

keosha answered 1 year ago
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