Business Networks refer to an interconnected system of businesses, existing clients and potential customers who build mutually beneficial relationships through their networking. The key to a successful Business Network is that all parties within the Network benefit equally from the networking and no one particular group of persons is viewed as profiting the most!
With the advent of the Facebook Social Network, Linkedin Business Professionals Network, et al, many businesses and to a lesser extent customers are seeing the importance of both virtual and actual business networks but such importance needs to be highlighted on a greater scale since there are numerous benefits that can be gained from successful Business Networking.
Some of the most popular Benefits that businesses can achieve through Business Networks and successful Business Networking include:-
While some of the Benefits existing and potential customers/clients can attain include:-
Though there are several benefits that can be realized from Business Networking, one must not focus solely on what they can gain from such networking but must understand that much more is gained when one listens and tries to resolve the problems of others firstly.
The outsourcing industry in the Philippines is now on the road to pushing India aside from the competition of the most viable country for the business. The lead that they once have with the domination of contact centers together with the rising fame of the BPO industry are now over taken by the evolving need of offshore services. Today, contact centers are no longer the sole benchmark of the BPO Industry. IT services are now taken into consideration by companies who are into outsourcing towards the Philippines. The Philippines is now eyed as one of the countries that can provide back office solution to every IT project.
According to experts, the reasons for the sudden shift of the recent outsourcing culture boil down to a number of skills that the Filipino population possess and can be rarely encountered in other nations. This edge that the Philippine population possesses can be broken down into the following:
Strong Affinity to the Western Culture
America's colonization in this country has brought the American norms, standards, culture and language to every modern Filipino's household. America, composing 70% of the offshore outsourcing market would surely work with someone who are at least close to being their counterpart.
A Pool of Talents
Another major determinant why Philippines is a preferred destination by the outsourcing market over others is the frequency and amount of talents that produces. India is now big time when it comes to this department. The workforce and the affordability for their service is also in the Philippines. This leads to more businesses divert outourcing to the Philippines.
The Philippine population may have everything that would impress every offshore company to outsource towards the country, but there is one factor that holds back some patrons. Major cities in the country (like Makati) that are big players when it comes to the BPO Industry are slowly increasing their rental rates. Ever since the BPO industry soared high and became the most happening Industry in the country, some of the realty owners tend to increase their demand due to the immediate rise of office space needs. At the time being, office space rentals are sky high, thus forcing some companies to put up satellite facilities in neighboring provinces that are as progressive but with less expensive premium for the spaces.
Another major determinant for some companies are the infrastructures in the Philippines. Only a few cities are equipped with the cutting edge facilities that some offshore companies need. Making the country limit their accommodation to some big time IT companies offshore.