MBA Blog: Professional networks are a major step on the business leader’s path to success

 

In a world characterised by busy schedules, it becomes more and more difficult for people to interact with each other outside the work environment.

This is one of the main reasons for the massive development of social media.

According to figures from the latest report published by the Office for National Statistics (2012) and Eurostat, Britons were found to be the second most active social network users in Europe, with 48 per cent of the adults aged 35-55 using social networking.

The growth in networking registered in the last years shows people’s need for an organised and intimate environment where they can discuss freely, raise questions or share concerns.

Business leaders are no exception to this.

However, the more senior their roles are, the more difficult it is to raise professional concerns publicly, without carefully considering the impact on their organisation.

Their interest in social media networks for professionals has therefore increasingly been focused on the search for a confidential, time-saving environment that can not only provide a forum for regular meetings between counterparts from different industries and anonymised peer consults, but can facilitate an introduction to complementary products like research reports and development programmes for specific roles.

Few companies are able to create and manage networks for their chief officers (CxOs).

Such firms enjoy access to significant industry insights as well as boasting a strong ability to capture tacit knowledge and transform it into explicit business knowledge.

They display the organisational skills needed to both bring peers together and to engage them in activities around innovative and role-specific topics.

Peer networking can impart a great value to learning organisations and to those of their leaders interested in being connected to the latest business practices in an organised, confidential and exclusive environment.

The cost of becoming a member should always be measured against the value derived from the network in terms of new contracts, clients, products or markets.

British business leaders understood the benefits of such membership, making the UK a world leader in providing services and products related to professional networking.

Having the necessary experience and expertise, the companies supplying networking services are now ready for the next step: creating and managing global networks that connect CxOs from different countries.

Such a project is complex and challenging because of the major differences in cultures, languages and business practices across continents.

However, if successful, a global network facilitates inward and outward investment and creates an unprecedented learning platform that provides international insights and uniquely fruitful business contacts.

Considering the increasing appetite of global investors for expansion, such a project will bring massive changes in the way worldwide businesses operate, in terms of strategy development, marketing and operations.

This means that today’s CxO engaged in a world-class professional network might become the successful global leader of tomorrow.

Anca Mandruleanu is product manager at Winmark Europe and an AMBA Global AMBAssador from Kingston Business School

News
Disruption at Waterloo after a person was hit by a train
newsCancellations and disrupted service after person hit by train
Arts and Entertainment
music
Arts and Entertainment
The almost deserted Liverpool Echo Arena on Monday
tvCan X Factor last in the face of plummeting numbers auditioning
News
Kirsty Bertarelli is launching a singing career with an album of songs detailing her observations of “real life”
news
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs Student

SThree: Graduate Recruitment Resourcer

£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...

SThree: Trainee Recruitment Consultant

£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...

SThree: Trainee Recruitment Consultant Bristol

£18000 - £23000 per annum + + uncapped commission + benefits: SThree: Did you ...

SThree: Recruitment Consultant

£20000 - £25000 per annum + benefits + uncapped commission: SThree: Did you kn...

Day In a Page

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

How a costume drama became a Sunday night staple
Miliband promises no stamp duty for first-time buyers as he pushes Tories on housing

Miliband promises no stamp duty for first-time buyers

Labour leader pushes Tories on housing
Aviation history is littered with grand failures - from the the Bristol Brabazon to Concorde - but what went wrong with the SuperJumbo?

Aviation history is littered with grand failures

But what went wrong with the SuperJumbo?
Fear of Putin, Islamists and immigration is giving rise to a new generation of Soviet-style 'iron curtains' right across Europe

Fortress Europe?

Fear of Putin, Islamists and immigration is giving rise to a new generation of 'iron curtains'
Never mind what you're wearing, it's what you're reclining on

Never mind what you're wearing

It's what you're reclining on that matters
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence