Business networks: Italian companies can find a useful tool in the Business Network to make a leap in quality and start a process of internationalization towards other markets. First of all, it is necessary to understand that the company, if too small and not able to position itself on markets that are too large, can rely on a consultancy company that can guarantee the company better results if assisted. In order to increase their innovative capacity and their competitiveness on the market, some companies decide to collaborate in predetermined forms and areas, exchanging information or services of an industrial, commercial, technical or technological nature, carrying out one or more activities in common.
The business network is a contract that allows participants to pool activities and resources to improve business functioning and consequently strengthen the competitiveness of the companies that are part of it; it is a tool through which companies have the opportunity to achieve, through collaboration with other subjects, ambitious objectives, for example the insertion into market areas at an international level that they could not achieve alone due to the small size of the company, thus increasing its competitiveness without giving up its individual legal autonomy.
Implementing merger and aggregation programs, partnerships and collaborations represents the necessary response to face and win the challenges on foreign markets, always focusing on one's own winning characteristics. Establishing a relationship of this type between companies is already an advantage for many companies today must: in the near future, in anticipation of an evolution of the markets such as to take on the appearance of a large global network, it is likely that the structure of the Business Networks will be more evolved. Traditional networks will be replaced by more organized and better structured aggregations capable of expressing increasingly higher levels of creativity, speed and flexibility.
The process for creating a business network establishes, through a contract, the strategic objectives of innovation and raising the competitive capacity of the participants and the methods agreed between them to measure progress towards these objectives. In the contractual stipulation, the name of the company, the company name of each participant are obviously reported, and the duration of the contract, the membership methods are defined, and if agreed, the optional causes for early withdrawal and the conditions for the exercise of the relevant right.
The contract also establishes the rules for taking decisions of the participants on every matter or aspect of common interest, as well as the regulation of the methods of modifying the program. The definition of the contract may also include the establishment of a common patrimonial fund, the size and evaluation criteria of the initial contributions and any subsequent contributions that each participant undertakes to pay. Octagona undertakes to provide all technical and legal assistance to companies interested in the establishment of business networks and the related contractual stipulations.
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