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.
Investopedia explains '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.