Comparing Social Networks and Business Networks

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The concept of business networks has become very popular in the past five years. But for many people, business networks remain an enigma. What are they? And how are they used? Using comparisons to social networks like Facebook, LinkedIn and Twitter Steve Keifer explains the concept of business networks.

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Comparing Social Networks and Business Networks

  1. 1. Comparing Business Networks to Social Networks Steve Keifer
  2. 2. Businesses Also Have a Need To Connect to others like you do on Share updates like you do on Discover partners like you do on Follow stuff like you do on Automatically check in like you on Give ratings like you do on
  3. 3. On You connect to Co-Workers Business Partners Former Classmates
  4. 4. On Business Networks You connect to Customers Suppliers Banks
  5. 5. On You share Opinions and News Life Events
  6. 6. On Business Networks You share New Product Introductions New Business Processes Pricing Changes
  7. 7. On You can Follow People Groups Companies
  8. 8. On Business Networks You can Follow Shipments Payments Stock Trades
  9. 9. On People Check Into Concerts Restaurants Museums
  10. 10. On Business Networks Inventory Checks Into Ports Warehouses Stores
  11. 11. On People Seek Matches for Relationships Marriages
  12. 12. On Business Networks Businesses Seek Matches for Vendors and Service Providers Customers and Resellers
  13. 13. On Consumers Rate Their Restaurants Auto Repair Shops In-Home Services
  14. 14. On Business Networks Businesses Rate Their Suppliers Transportation Providers Banks
  15. 15. On You can create Circles for Friends Co-Workers Family
  16. 16. On Business Networks You can create Circles for Suppliers Customers Banks
  17. 17. And Create Sub-Circles Direct Materials Suppliers Indirect Materials Suppliers
  18. 18. More Sub-Circles for Suppliers Warehouse Delivery Direct Store Delivery Home Delivery International Delivery
  19. 19. Sub-Circles for Transportation Ocean Freight Rail Freight Ground Freight Air Freight
  20. 20. What are you Using to Communicate with Your Business Partners?
  21. 21. Join a Business Network Today www.gxs.com

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