Business network

[4] These objectives, which are strategic and operational, are adopted by business networks based on their role in the market.

[9] Snehota and Hakansson (1995) explain: For more than twenty years, we have analyzed business networks for answers to the many questions about industrial markets.

The main objective of the study was to investigate and highlight the new forms of inter-firm collaboration and to propose possible measures to support and coordinate them in Europe where and if appropriate.

In return, the business association monitors and meets the needs of their members and proactively develops and provides new services.

[10] Clusters are a network of connected businesses, suppliers, and associates in a specific field that are all located in the same geographical area.

[12] Conversely, companies in a business network are not bound by geographical locations or sectors, and can be focused around any specific objective.

[13] In a business network, on the other hand, the autonomy of each of the companies is preserved and no new legal entity is formed.

The companies capitalize on the network to create opportunities and expand their individual business interests.

Figure 1: Relationship between the business association and its members, and among the members. [ 5 ]
Figure 2: Company aggregations have two forms of cooperation: horizontal and vertical. [ 5 ]