DEFINITION of 'Networking'

A process that fosters the exchange of information and ideas among individuals or groups that share a common interest. Networking may fall into one of two categories - social or business. In the latter category, one of the implicit objectives is to form professional relationships that may boost one's future business and employment prospects.

Less commonly in finance, the term "networking" may also refer to the setting up and operation of a computer network.

BREAKING DOWN 'Networking'

Networking events are common practice within professional organizations, which may also link up with other bodies to stage a joint event. Business networking has received a tremendous boost in participation thanks to the burgeoning popularity of business networking sites such as LinkedIn.

  1. Pound The Pavement

    Diligently and tirelessly working towards a desired objective ...
  2. Expert Network

    A group of professionals who are paid by outsiders for their ...
  3. Social Networking

    The use of internet-based social media programs to make connections ...
  4. Network Effect

    A phenomenon whereby a good or service becomes more valuable ...
  5. Social Capital

    An economic idea that refers to the connections between individuals ...
  6. Neural Network

    A series of algorithms that attempt to identify underlying relationships ...
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