Business network

For other uses, see Business network (disambiguation).

A business network is a complex, enduring, and interdependent web of business relationships among market and non-market actors that allow firms to co-create value in their business environment.[1][2] Firms influence their markets by managing and signalling their network positions,[3] facilitating entry of new actors, or removing other actors, for instance, through disintermediation, which means elimitating the middleman.

When some actors within a business network have joint strategic intents and work together to achieve certain objectives, then the network is called a strategic business net.[4] These objectives, which are strategic and operational, are adopted by business networks based on their role in the market.[5]

  1. ^ Holmqvist, Jonas; Diaz Ruiz, Carlos (2017-01-01). "Service ecosystems, markets and business networks: What is the difference? A horizontal literature review". The TQM Journal. 29 (6): 800–810. doi:10.1108/TQM-03-2017-0028. ISSN 1754-2731.
  2. ^ Ford, David, Lars-Erik Gadde, and Håkan Håkansson. Managing business relationships. (2003).
  3. ^ Tóth, Zsófia; Naudé, Peter; Henneberg, Stephan C.; Diaz Ruiz, Carlos Adrian (2020-01-01). "The strategic role of corporate online references: building social capital through signaling in business networks". Journal of Business & Industrial Marketing. 36 (8): 1300–1321. doi:10.1108/JBIM-02-2020-0101. ISSN 0885-8624. S2CID 234408021.
  4. ^ Möller, Kristian; Rajala, Arto; Svahn, Senja (2005-09-01). "Strategic business nets—their type and management". Journal of Business Research. Special Section: Inter-organisational research in the Nordic countries. 58 (9): 1274–1284. doi:10.1016/j.jbusres.2003.05.002. ISSN 0148-2963.
  5. ^ Business Networks - Ecorys - European Commission