Business Daily Media

Research shows networking is painful, but it can be a lot better

  • Written by Libby Sander, Assistant Professor of Organisational Behaviour, Bond Business School, Bond University
Research shows networking is painful, but it can be a lot better

Is it enough to throw a group of people together, give them a name badge and hope for the best? Research suggests it isn’t.

Forming and maintaining strong professional relationships is a key component of career success. These networks[1] help individuals to access resources, information and support. But people often hate[2] networking.

Strong networks provide a range of benefits[3] including learning, sources of information, salary growth[4], innovation and a means of getting things done. Research[5] shows that people with diverse contacts are able to access information that helps them generate better ideas.

Building professional relationships improves[6] both quality of work and job satisfaction. As the landscape of work changes rapidly, employees are making more frequent career moves, which means that networking is a critical competency[7].

Networking often doesn’t work

Despite intending to meet new people in networking settings, we often don’t act on these plans. A study[8] of MBA students at a specially organised networking event found that while 95% of attendees wanted to meet new contacts, they spent over half of the time with people they already knew.

For many, the prospect of networking is as appealing as public speaking or a trip to the dentist. In fact, research[9] has shown that networking for the purpose of advancing our professional goals can make us actually feel dirty.

And trying to make new connections isn’t easy. Studies[10] have shown that we tend to gravitate to people we already know, see often, or who are similar to us. This can be challenging for people trying to create new networks. It also explains why some employees feel isolated when trying to join established networks.

A recent study[11] demonstrated that traditional networking in science, technology, engineering and mathematics fields can be gendered. Women make 42% fewer contacts, spend 48% less time talking to them and make 25% fewer LinkedIn connections than their male counterparts.

What networking success looks like

So what can be done to increase the value and success of networking? The benefits of networking are influenced by the dynamics and nature[12] of the network.

Emerging research[13] is highlighting the interaction of the role of trust, the place and space where these events occur, and the role of hosts, to increase the effectiveness of networking. Previous studies[14] show physical proximity to others is important in building new relationships. Employees are often encouraged to relocate to regional economic clusters (Silicon Valley, for example), join incubators and coworking spaces, and find ways to be close to other entrepreneurs, investors and customers.

But for people to form new connections, research[15] indicates that social, not just physical barriers, need to be reduced.

One of the solutions to this are structured events to reduce these barriers and decrease search efforts to find new networks and opportunities. A recent example of this was a chartered flight[16] from Silicon Valley to the Myriad entrepreneurship festival in Brisbane. The idea of the mid-air networking flight was to create opportunities for established entrepreneurs, investors and business leaders to network with emerging entrepreneurs, students and business people.

But for networking to succeed it needs to be more than one-off events. Studies[17] show that individuals who receive organised introductions make a far greater number of new contacts, and make far stronger connections with these contacts, than those who received no introduction.

These findings emphasise the importance of creating opportunities for both employees and entrepreneurs to connect, beyond just bringing them together in a particular setting or event. In my research[18], I found that the role of a host in business incubators and coworking spaces was critical in helping to identify and create opportunities to form new and diverse networks.

The hosts of these spaces appear to play a pivotal role in a network. They identify not only those who should connect, but also ensure they are at the right stage to take advantage of the introduction. The host is also able to connect people to the right information and resources.

The success of this role appears to rest heavily on the trust embedded in these established networks. The person who is being asked to connect is more open to the meeting, knowing that the host will have determined that the meeting will be worthwhile for both parties.

Entrepreneurs rely on social ties in building new ventures, and employees rely on effective workplace networks to be innovative and perform better. These new studies show that if the physical setting as well as clear strategies to facilitate new connections and networks are right, then networking wouldn’t be such a pain.

References

  1. ^ networks (journals.aom.org)
  2. ^ hate (hbr.org)
  3. ^ range of benefits (www.jstor.org)
  4. ^ salary growth (psycnet.apa.org)
  5. ^ Research (www.jstor.org)
  6. ^ improves (hbr.org)
  7. ^ critical competency (www.researchgate.net)
  8. ^ study (journals.sagepub.com)
  9. ^ research (journals.sagepub.com.ezproxy.bond.edu.au)
  10. ^ Studies (pubsonline.informs.org)
  11. ^ study (papers.ssrn.com)
  12. ^ dynamics and nature (www.jstor.org)
  13. ^ research (my.aom.org)
  14. ^ studies (journals.sagepub.com)
  15. ^ research (papers.ssrn.com)
  16. ^ chartered flight (statements.qld.gov.au)
  17. ^ Studies (papers.ssrn.com)
  18. ^ In my research (my.aom.org)

Authors: Libby Sander, Assistant Professor of Organisational Behaviour, Bond Business School, Bond University

Read more http://theconversation.com/research-shows-networking-is-painful-but-it-can-be-a-lot-better-96854

Business Reports

QUEENSLAND FAST BECOMING AUSTRALIA’S ENDURANCE EVENT HOTSPOT

Pristine Backdrops, Best-In-Class Offerings and Post-Event Holiday Deals Capturing Interstate and International Interest Recently crowned the tourism capital of Australia, the Sunshine State is drawing thousands of interstate...

Businesses fail the moment they stop asking why

Many business owners don’t realise it, but in business it doesn’t just matter what you do, it matters why you do it. To run a successful company - one better placed to mitigate challenges, grow post-pandemic and buil...

Companies have a simple and legal way to help their workers living in anti-abortion states – expanding paid time off

As the last abortion clinic in Mississippi closes, workers in the state may get some support from their employers. AP Photo/Rogelio V. SolisEmployers looking for ways to support their workers seeking abortions in states where it&r...

Six reasons why it pays to automate billing in your business

Harnessing the power of technology to improve the efficiency and accuracy of your billing process can supercharge productivity and profitability. Is your enterprise plagued by billing errors, or struggling to get invoices out...

How Sport4 is changing the way you watch sports

Forget about pay-per-view or checking the score at half time – Sport4 is changing the way Australians watch sports.  Fresh from their national debut at the Judo Australia National Championships, Sport4’s automated sports...

Advantages of Vacation Rental Management Software

The first vacation rental management software systems were launched in the early 1980s. At the time, they were majorly used by hotel owners to manage their properties online. The main functions included hotel reservations and ...



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion