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Plethora In Social Networks Are Mind Boggling

5-star business network

Facebook & Twitter are the dominant gorillas on social network. Whole gaming networks and other apps have cropped up-to services the participants Facebook and Twitter.

A plethora of other structures, such as social brand engagement, social marketing networks, social intelligence, social scoring and social referrals are cropping up. Most of them are too new to discern which models will eventually survive.

However, in this clamor, one thing is abundantly clear - social networking itself is revolutionizing the way humans live, work, interact and govern. While the Arab Spring in Tunisia, Egypt and many other countries is now a fading memory, the role of social networks in creating impetus and sustaining momentum cannot be underestimated.

Social networks are popular but business networks are lucrative

In 5-Star Business Network book, our focus is on Business Networks. We will not spend much more time on the social networking phenomenon; powerful, diverse and exploding though it is. A far more powerful, diverse and well-established network exists in the business arena. Every business relies on a network of suppliers and customers to sustain its operation and place in modern society.

So powerful is this network, in fact, that the basis of competition has long ago shifted from competition among companies to competition about supply networks. 

business network

Market leaders network with suppliers and customers who are market leaders themselves in their own arena to co-create, design, produce, market, sell and service a whole range of products and associated services the customers take for granted each day.

The renewable energy field is not only growing rapidly but there are also different applications - ranging from geo-thermal to wind and solar energy, which are competing with each other, as well as the traditional sources of energy. In a rapidly shifting economic landscape, with the volatile pricing of coal and oil, the relative attractiveness of any one energy source not only depends on the technological superiority of the concept itself, but also on rapid deployment of technologies to demonstrate superior results in action.

In such a scenario, the challenge emerges: How to create a network of businesses with complementary capabilities that can bring in the required expertise in research and development and use it to co-create a product or technology, where each business also satisfied while optimizing it's resource usage in pursuit of it core mission. 

About The Author

Over the past 19 years, Vivek Sood (Mr. Supply Chain) have been privileged to work alongside the CEOs & executives who care about their businesses as much as I do about delivering exceptional results in business transformations for them.  Combining operational experience with over 400 strategic projects covering more than 80 countries taught me a lot - a legacy I continue to share.

Do you want to know what is unique about Author? 

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  • Mahil Joshi says:

    Social networks are websites/applications that share one common characteristic.

    They are made to frame possible relationship between strangers across geographical.

    Since every human being have many roles in ones life, each social network websites/applications is different from each other by…

    which roles that both strangers meet with each others
    how developer craft user interface and user experience to shape the occurance of certain roles and how well it is to facilitate interaction of these roles
    For example:

    Facebook framed real life relationship of people
    Twitter framed public speaker to public listener
    Quora framed questioner to answerer
    Airbnb framed home owner to house guest (based on shared available home)
    Uber/Grab/Lyft framed driver and rider (based on shared available car)
    Goodreads framed readers together (based on shared book interests)
    LinkedIn framed professional relationship of people

  • Miteshverma387@gmail.com says:

    Is Mark Zuckerberg a bad person as depicted in “The Social Network”?

    • David VomLehn, Satellite/embedded system consultant with a reliability focus says:

      I know a few of the people who are depicted in the movie including Mark Zuckerberg and Sean Parker. I have heard some people comment on the movie in a way that I think is accurate: the worst thing about the movie is that as a movie it is actually pretty good, which means that it tells a compelling story.

      Unfortunately, not much of that story is actually true.

      Let’s take one of the key elements of the movie – the suggestion that Mark created Facebook because a girl dumped him. There’s that silly “Rosebud” (reference to Citizen Kane) moment at the end when he’s shown sadly reloading her profile page. It’s a great story, could come straight out of a dramatic Bollywood movie, but it actually has no resemblance to reality. Mark is still married to the woman he was dating when he started Facebook.

    • Oliver Smith, Senior Software Engineer at Super Evil Megacorp says:

      I was one of Mark Zuckerberg’s neighbors in the year leading up to the IPO. I freely admit to having a chip on my shoulder with regard to rich folk, but Zuckerberg has got to be just the most ordinary billionaire ever. He threw parties, not noisy ones that ran well to the next morning, but quiet ones with perhaps a couple of dozen people. Quite clearly he leased the house he did so he could walk to work; it was no mansion. On occasion, he argued with his girfriend. He’s not all that good at lighting an outdoor grill, and the one he had was tiny, not the monster you might expect. He had security, which was so low-key that, at first, I was worried that he was leaving himself open to kidnapping or worse.

      In short, Zuckerberg was no different than any other neighbor I’ve had, when he had the means to be completely out of control. I think those who labelled him the “Accidental Billionaire” were pretty close to the mark. Wish that other million- and billionaires were so well-behaved.

  • Stephen Gelardi, IT Consultant at London says:

    Traditionally, social networks are groups of individuals who share similar interests or traits. A more common description would be a club. Until the Internet, these groups could only get together in person either through a local organization or at an event (i.e. school reunion).

    The Internet changed how like-minded people can connect, first starting with user nets and later through online bulletin boards.

    In 1997, Six Degrees launched. It’s considered the first social network where people could create a profile and engage with other users. Other networks followed, but it wasn’t until the creation of MySpace in 2003 and Facebook in 2004 (expanding to include everyone in 2006), that social networking became mainstream.

    These networks were primarily for people with similar interests to hangout together. Only LinkedIn, started in 2003, was focused on professional networking related to careers and business. However, entrepreneurs are a creative bunch, they they were able to see the value of socially interacting with their target markets online, and they began to use social networking to expand their reach and grow their businesses.

  • Ankitaa Gohain Dalmia, Social Media Manager | Digital Marketing Strategist says:

    In my understanding, social networks are the online platforms where you connect with people to learn from each other, discuss common areas of work, collaborate on ideas, and so on. It can all be about just keeping in touch with each other, to stay updated on each other’s lives in a passive manner.

    People also use social networks like Facebook, Twitter, Google+, LinkedIn, etc. to have a strong online presence for themselves or their companies – brand presence – which increases their visibility and helps to succeed in business.

    Hence, social networking can be a great marketing strategy for any business or individual for online success.

    Being a digital strategist myself, I help individuals and businesses plan their social networking efforts to grow their brand presence and capture leads, and transform those leads to prospects, and finally, customers. For the most part, social networking is a free marketing tool for organic growth, but you can use the paid ad solutions provided by different platforms too for paid growth.

  • Levon Amatuni, Ph.D Social Networks, University of Toronto says:

    A social network is a social structure made up of a set of social actors (such as individuals or organizations), sets of dyadic (connecting two actors each) ties, and other social interactions between actors. The social network perspective provides a set of methods for analyzing the structure of whole social entities as well as a variety of theories explaining the patterns observed in these structures.

  • David Roller says:

    According to me, social networking sites are the platforms where you can connect with new peoples and learn things from each other. Where you can keep in touch with each other around the world. People also use social networks like Facebook, Twitter, Google+, LinkedIn, etc. to have a robust online presence for themselves or their companies – brand presence – which increases their visibility and helps to succeed in business.

    Hence, social networking can be a broad marketing strategy for any business or individual for online success.

  • Amitesh Kumar, studied Computer Science at S.V.P. College, Bhabua (2018) says:

    The latest Social Network is Publicapp . Publicapp gives you everything at one place. https://publiicapp.in is made for every purpose like study, news, blogging, connect with people and for Chat with friends.

    Features of Publicapp

    Find People and Make them friends.

    Blogs – Create Blogs, read blogs and share blogs.
    Organization – Create organization, update status with your organization member using organization.
    Groups – Create groups or join groups. Share anything with your small community group.
    Events – Create events, join events with a time as this example .
    Discuss – Create discussion and join discussion. With discussion you can ask and discuss about anything.
    Albums – Share Albums with multiple photos.
    Photos – share single photo with description.
    Video – upload videos and see uploaded videos with people.
    Files – Upload any types of files to share with people.
    Polls – create polls and vote to polls.
    Quizzes – Create Quiz for learning purpose. You can use quiz for study with your friends.
    Debates – With Debates you can debate on any topic and keep your studying continue on Publicapp .
    Photo Contests – Start photo contests or join photo contests.

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