Menu
Home
People
Places
Arts
History
Plants & Animals
Science
Life & Culture
Technology
Reference.org
Business network
open-in-new
<p>A business network is a complex, enduring, and interdependent web of <a href="/facts/Business_relationship_management/7f4rbWux">business relationships</a> among market and non-market actors that allow firms to <a href="/facts/Value_creation/z5S8Dynv">co-create value</a> in their business environment. Firms influence their markets by managing and signalling their network positions, facilitating entry of new actors, or removing other actors, for instance, through <a href="/facts/Disintermediation/KrpxDDLt">disintermediation</a>, which means eliminating the middleman. </p><p>When some actors within a business network have joint strategic intents and work together to achieve certain objectives, then the network is called a strategic business net. These objectives, which are strategic and operational, are adopted by business networks based on their role in the market. </p>