business-networking

Vocabulary Word

Definition

You've heard of 'business networking,' but what does it mean? It's a way for business people to make connections, exchange information and advice, and advance their careers or businesses. It's usually done formally at events or informally on social media.

Examples in Different Contexts

For entrepreneurs, 'business networking' is vital for sharing ideas, finding mentors, and securing investments. An entrepreneur might share, 'Through business networking, I connected with an angel investor who provided the funding to launch our startup.'

Practice Scenarios

Product

Scenario:

We need some innovative design inputs for our upcoming product. Let's explore potential partnerships at the next product development meet-up.

Response:

Sure, through business networking we might find a design partner who can provide the innovative inputs we need.

Leadership

Scenario:

We're making some crucial strategic decisions in the coming weeks. I believe gathering information from a wider circle can provide us with valuable perspectives.

Response:

Definitely, business networking with industry peers can provide us with the diverse insights needed for our strategic decisions.