The Enterprise and Economic Development Glossary a resource of the .network library

business networking:

... an activity for building and maintaining working relationships within the business environment; a new business development activity intended as a precursor to a sale. See comments at the Wikipedia website about business networking as a marketing method.

Information is exchanged and deals made within a business network, which may be temporarily assembled or organized as a recurring networking event. Networks and events are organized under association structures. Business decision makers build and maintain ally networks individually. For example, the savvy small business owner who networks with resource and service providers with an aim towards mutual gain in the marketplace. Those who are engaged in enterprise and economic development cannot get along without their ally networks.

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