Entrepreneurial network

Last updated

In business, entrepreneurial networks are social organizations offering different types of resources to start or improve entrepreneurial projects. Having adequate human resources is a key factor for entrepreneurial achievements. Combined with leadership, the entrepreneurial network is a social network not only necessary to properly run the business or project, but also to differentiate the business from similar projects.

Contents

Purpose

The goal of most entrepreneurial networks is to bring together a broad selection of professionals and resources that complement each other's endeavors. Initially, a priority is to aid successful business launches. Subsequently, to provide motivation, direction and increase access to opportunities and other skill sets. Promotion of each member's talents and services both within the network and out in the broader market increases opportunities for all participants.

One of the key needs of any startup is capital, and often entrepreneurial networks focus on providing such financial resources, particularly tailored to their membership demographic.

Entrepreneurial networks may also become community involved, endorsing reforms, legislation or other municipal drives that accommodate their organization's goals.

Membership composition

See also

Related Research Articles

Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization.

<span class="mw-page-title-main">Business model</span> Rationale of how an organization operates

A business model describes how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. For a business, it describes the specific way in which it conducts itself, spends, and earns money in a way that generates profit. The process of business model construction and modification is also called business model innovation and forms a part of business strategy.

The United Nations Association in Canada (UNA-Canada) is a historic charitable organization focused on multilateralism in Canada. Established in 1946, UNA-Canada was a founding member of the World Federation of United Nations Association.

An organizational structure defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims.

A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners.

The Global Youth Action Network (GYAN) is an international network of youth NGOs spanning 180 countries, and headquartered in New York, near the United Nations. GYAN is a youth-led not for profit organization that incubates global partnerships and increases youth participation in decision-making. GYAN has registered chapters in Brazil, Colombia, France, Ghana, Mexico, and South Africa, with teams working out of an additional eight countries.

<span class="mw-page-title-main">Space Generation Advisory Council</span> Non-governmental organisation

The Space Generation Advisory Council (SGAC), in support of the United Nations Programme on Space Applications, is a non-governmental organization and professional network whose goal is to convey the perspectives of students and young space professionals to the United Nations (UN), space industry, space agencies, and academia.

<span class="mw-page-title-main">Social entrepreneurship</span> Approach to develop, fund and implement solutions to social or environmental issues

Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.

The chief networking officer (CNO) is a business networking position in a company or organization. The term refers less commonly to a technical executive position in the computer industry.

Business networking is the practice of building relationships with individuals and businesses for professional purposes. It involves the strategic exchange of information and resources to create connections that can be mutually beneficial. Business networking can be conducted in person, online, or through a combination of both. Through repeated interactions, companies create deeper connections. This encourages knowledge exchange, mutual adaptation, and a commitment of resources, which can be both financial and social, to one another.

A professional network service is a type of social network service that focuses on interactions and relationships for business opportunities and career growth, with less emphasis on activities in personal life.

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, and potentially involving values besides simply economic ones.

The technological innovation system is a concept developed within the scientific field of innovation studies which serves to explain the nature and rate of technological change. A Technological Innovation System can be defined as ‘a dynamic network of agents interacting in a specific economic/industrial area under a particular institutional infrastructure and involved in the generation, diffusion, and utilization of technology’.

Euclid Network (EN) is a European network of organisations that support social entrepreneurs. Members are based in 21 countries and represent over 100.000 organisations within and outside of Europe. EN is a strategic partner of the European Commission and an observer to the United Nations Task Force on Social and Solidarity Economy (UNTFSSE),

A sustainability organization is (1) an organized group of people that aims to advance sustainability and/or (2) those actions of organizing something sustainably. Unlike many business organizations, sustainability organizations are not limited to implementing sustainability strategies which provide them with economic and cultural benefits attained through environmental responsibility. For sustainability organizations, sustainability can also be an end in itself without further justifications.

Teach For All is a global network of 61 independent, locally led and funded partner organizations whose stated shared mission is to "expand educational opportunity around the world by increasing and accelerating the impact of social enterprises that are cultivating the leadership necessary for change." Each partner aims to recruit and develop diverse graduates and professionals to exert leadership through two-year commitments to teach in their nations' high-need classrooms and lifelong commitments to expand opportunity for children. The organization was founded in 2007 by Wendy Kopp and Brett Wigdortz. Teach For All works to accelerate partners' progress and increase their impact by capturing and sharing knowledge, facilitating network connections, provisioning global resources, and fostering leadership development of staff, teachers, and alumni.

In organizational theory, organizational analysis or industrial analysis is the process of reviewing the development, work environment, personnel, and operation of a business or another type of association. This review is often performed in response to crisis, but may also be carried out as part of a demonstration project, in the process of taking a program to scale, or in the course of regular operations. Conducting a periodic detailed organizational analysis can be a useful way for management to identify problems or inefficiencies that have arisen in the organization but have yet to be addressed, and develop strategies for resolving them.

Entrepreneurial leadership is "organizing a group of people to achieve a common goal using proactive entrepreneurial behavior by optimising risk, innovating to take advantage of opportunities, taking personal responsibility and managing change within a dynamic environment for the benefit of [an] organisation".

<span class="mw-page-title-main">Female entrepreneurs</span> Women who organize and manage an enterprise

Female entrepreneurs are women who organize and manage an enterprise, particularly a business. Female entrepreneurship has steadily increased in the United States during the 20th and 21st century, with number of female owned businesses increasing at a rate of 5% since 1997. This growth has led to the rise of wealthy self-made females such as Coco Chanel, Diane Hendricks, Meg Whitman, and Oprah Winfrey.

Crowdfunding is a process in which individuals or groups pool money and other resources to fund projects initiated by other people or organizations "without standard financial intermediaries." Crowdfunded projects may include creative works, products, nonprofit organizations, supporting entrepreneurship, businesses, or donations for a specific purpose. Crowdfunding usually takes place via an online portal that handles the financial transactions involved and may also provide services such as media hosting, social networking, and facilitating contact with contributors. It has increased since the passage of the Jumpstart Our Business Startups (JOBS) Act.