3. INTRODUCTION
• An association between individuals or
companies entered into for commercial
purposes.
• Relationship among employer-employee,
managers as well as outsourced business
partners.
• Sometimes formalized with legal
contracts or agreements.
4. CHARACTERISTICS
• Trust worthy
• Effective and open communication.
• Development and maintenance
• Opportunity to give and take
• Supportive
• Willing to understandand change
5. IMPORTANCE
Develop and enhance effective long-
term relations
Lead towards better performance level.
Enforce information and communication
systems.
Allow external networks to trust the
business.
Supporting inter-business activities
related to business networking.
6. PURPOSES
1. Information sharing
2. Business problem solving
3. Decision making
4. Organization change and development
5. Evaluation and control
6. Feedback
7. CONCLUSION
• Business relation is needed if u want to be in
successful in business.
• Adaptable in changeable environment.
• Essential for improving business productivity
and performance.
• Help to achieve organizational goals.
