Question

Why networking supports and maintains business, sales, and stake holders.

Answer 1

The networking supports and maintains the business, sales and stakeholders in great extent. The networking is a socio-economic business activity to develop professional or social contacts by sharing informations and searching prospective partners for new activity. The Business Networking is to form a business relationship between entrepreneurs and the business peoples. There establish an mutually beneficial relationship between the business people and clients. The major purpose of a networking in a business is to introduce about the business to others and hopefully change them into the clients.

The benefits of networking in business including mainly:

• New contact and referrals
• Staying current
• Problem solving
• Sharing knowledge and experience
• Confidence and morale.

By keeping contact with the customers, it maintains a Sales record. The networking in business maintains the relationship with the clients by recommending new opportunities and also by providing support, guidence and information to the clients. It will improves the sales in the business.

The​​​​ Stakeholders are the peoples or organisation that having an great role in the success of a business. The stakeholders includes the employees, government, labor union, business partners, shareholders, regulators,etc. All stakeholders having their own interests and prorites. An efficient communication between these stakeholders through the business network by concerning the interests of each stakeholders can establish an positive attitude to the business.