Expanding Business Networks and Connections
Expanding Business Networks and Connections
Marc Amorantoa and Patricia Ngsuyb a BS Advertising Management, College of Business, De La Salle University, Manila marc_amoranto@dlsu.ph b BS Management of Financial Institutions, College of Business, De La Salle University, Manila patricia_ngsuy@dlsu.ph Abstract. This document contains the networks and connections of businesses. The document focuses on the different networks and connections of three types of business namely a corporation, a franchise business, and an online business. The purpose of this research is to compare the different types of networks and connections of each type of business, to show their similarities and differences, and to know how these networks and connections help in expanding the business. This paper also includes the factors and strategies businesses take into consideration for their plans of expansion. Keywords. Business, networks, connections, expansion. 1 Introduction Business is and will always play an important role in every country. What makes it important is that it is already a part of people’s everyday lives. Business provides goods, services, and jobs. In other words, it satisfies the needs and wants of every human. The UN Global Compact (2010:5) argues that business, as the world’s main source of economic growth, is at the heart of virtually any widespread improvements in living standards (Hoye, 2010). Without businesses, everyone would have to be an expert in all aspects of life which is impossible to do. Countries would also be at stand still and would have no progress at all. In short, we would not have the life we are enjoying right now without the presence of these businesses.
In the past, businesses started out as humble barter trades that slowly expanded as people explored and discovered new lands. Communication and transporting of goods and services were a great challenge. This comes to show that running a business back
Marc Amorantoa and Patricia Ngsuyb a BS Advertising Management, College of Business, De La Salle University, Manila marc_amoranto@dlsu.ph b BS Management of Financial Institutions, College of Business, De La Salle University, Manila patricia_ngsuy@dlsu.ph Abstract. This document contains the networks and connections of businesses. The document focuses on the different networks and connections of three types of business namely a corporation, a franchise business, and an online business. The purpose of this research is to compare the different types of networks and connections of each type of business, to show their similarities and differences, and to know how these networks and connections help in expanding the business. This paper also includes the factors and strategies businesses take into consideration for their plans of expansion. Keywords. Business, networks, connections, expansion. 1 Introduction Business is and will always play an important role in every country. What makes it important is that it is already a part of people’s everyday lives. Business provides goods, services, and jobs. In other words, it satisfies the needs and wants of every human. The UN Global Compact (2010:5) argues that business, as the world’s main source of economic growth, is at the heart of virtually any widespread improvements in living standards (Hoye, 2010). Without businesses, everyone would have to be an expert in all aspects of life which is impossible to do. Countries would also be at stand still and would have no progress at all. In short, we would not have the life we are enjoying right now without the presence of these businesses.
In the past, businesses started out as humble barter trades that slowly expanded as people explored and discovered new lands. Communication and transporting of goods and services were a great challenge. This comes to show that running a business back
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