Strategic Network Establishment and Maintenance Report - Module X

This report provides a comprehensive analysis of strategic networks, exploring their definition, benefits, and the methods used to establish and maintain them. It delves into the importance of identifying value and likely outcomes from network participation, examining both personal and organizational advantages. The report discusses formal and informal networks, outlining their scopes, pros, and cons. It explores various research and assessment methods, including strategies for maintaining and expanding networks, such as utilizing social media and participating in industry events. Furthermore, the report examines relationship management within a value network approach, communication channels, and the principles of interpersonal, group, and inter-agency communication. It also addresses conflict development and resolution within strategic networks, emphasizing collaboration and negotiation. The report then transitions into the analysis of operational networks, highlighting their key features, stakeholders, advantages, and disadvantages, along with the strategic value and communication modes. Finally, it concludes by focusing on the selection of a private network for a business development manager, outlining the stakeholders, relevant legislations, and the impact of these legislations on the network's operations. The report emphasizes the importance of diversity, inclusion, and occupational health and safety within the network.