Business Networks: Italian companies to take a quantum leap and start a process of internationalization to other markets can find the Business Network a useful tool. First of all, it is necessary to understand that the company, if too small and unable to position itself in markets that are too large, can rely on a consulting firm that can guarantee the company better results if assisted. In order to increase their innovative capacity and competitiveness in the market, some companies decide to cooperate in predetermined forms and areas, exchanging information or services of an industrial, commercial, technical or technological nature, exercising one or more activities jointly.
A business network is a contract that allows participants to pool activities and resources to improve business operations and consequently strengthen the competitiveness of member companies; it is a tool through which companies have the opportunity to achieve, through cooperation with other entities, ambitious goals, such as entering market areas at the international level that they could not achieve on their own due to their small company size, thus increasing their competitiveness without, however, giving up their individual legal autonomy.
Implementing merger and aggregation programs, partnerships and collaborations is the necessary answer to face and win challenges in foreign markets, always focusing on one's own winning features. Establishing such a relationship between companies already constitutes for many companies a must: In the near future, as markets evolve to take on the appearance of a large global network, the structure of Business Networks is likely to be more evolved. Traditional networks will be replaced by more organized and better structured aggregations capable of expressing ever higher levels of creativity, speed and flexibility.
The process for establishing a Business Network establishes through a contract, the strategic objectives of innovation and raising the competitive capacity of the participants and the mutually agreed ways to measure progress toward those objectives. The contract stipulation obviously includes the name of the firm, the business name of each participant, and defines the duration of the contract, the modalities of joining, and if agreed upon, the optional causes for early withdrawal and the conditions for exercising the relevant right.
The contract also sets out the rules for decision-making by the participants on any matter or aspect of common interest, as well as the regulation of how the program may be modified. The definition of the contract may also provide for the establishment of a common patrimonial fund, the extent and evaluation criteria of the initial contributions and any subsequent contributions that each participant undertakes to make. Octagona undertakes to provide all technical and legal assistance to companies interested in the establishment of Enterprise Networks and related contractual stipulations.
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