Business Research Essay
The development of modern technologies, especially information technologies and telecommunication systems, affects consistently the contemporary business development and forces many companies to introduce technological innovations, which they do not always come prepared to implement. In such a situation, the problem of the development of business networks becomes one of the major challenges to the contemporary business development. In this respect, it is possible to refer to the article “Business Networking Can Be Taught” by W.C. Byham, where the author explores the development of effective business networks in the contemporary business environment.
First of all, the author places emphasis on the fact that the development of business networks is essential in the contemporary business environment. At the same time, today, modern organizations need to develop their business networks for effective decision making because leaders and managers should be able to find people they need to take the right decision fast and communicate with them effectively. Byham argues that the effective communication is one of the major advantages of contemporary business networks. The author stands on the ground that modern organizations have to develop their business networks using modern information technologies, internet and modern telecommunication systems. To put it more precisely, modern organizations use modern telecommunication systems and information technologies but they do not always use their full potential to build up their business networks.
In this respect, the author argues that modern organizations should train their employees to develop effective approaches to using existing information technologies and telecommunication systems and to using the full potential of modern business networks. In such a way, the author argues that the training of employees is the key toward the development of business networks. On the other hand, the author is conscious of the fact that many companies face substantial difficulties, while using their business networks. First of all, training of employees is often expensive and companies prefer saving costs on training employees, instead of training employees to maximize the effectiveness of their business networks. However, this strategy leads to the consistent deterioration of the position of the companies and their organizational performance because their decision making deteriorates because of the poor communication and inability of employees to use the full potential of information technologies and telecommunication systems available to them.
In such a context, Byham views training of employees as the main way to the improvement of their performance and to the use of the full potential of business networks. The author suggests organizations to focus on training of employees as well as on the implementation of the knowledge sharing management to expand skills and abilities of employees in regard to information technologies and business networks. At the same time, Byham argues that modern business networks have considerable advantages compared to conventional networks because they are more effective and mobile. In this regard, they are similar to social networks, which the author also suggests to use for business purposes.
Therefore, Byham stands on the ground that modern organizations should use the full potential of modern business networks using modern information technologies, computing, telecommunication systems and employees to provide ample opportunities for the improvement of communication within organizations and, therefore, better decision making process within organizations.
