BNET Business Dictionary

Business Definition for: Network

  • a group of computers that are able to communicate with each other. There are two types of computer networks: LAN (a local area network) and WAN (a wide area network). LANs are typically used by organizations that have a large number of computers based in one location and connected to a single computer server. They are often used as the basis for private networks such as intranets. WANs are slower than LANs because they use telephone cables as well as computer servers. The Internet is the main WAN in existence.
  • to build up and maintain relationships with people whose interests are similar or whose friendship could bring advantages such as job or business opportunities.

    It is important to network for the good of the organization and the professional field in which the networker operates. The networker should know what they hope to accomplish by networking, and what they have to offer other people: it is a two-way process, as the more someone has to offer other people, the more those people will want to do things for them.

    In order to network effectively, it is useful to make a list of organizations and events for networking, a contact list, and an action plan with a schedule. The organizations and events list helps the networker identify and target places and situations where they are likely to meet with people who may be of assistance to them in their career or with a particular project. The contact list allows the networker to keep track of the people they have met, or want to meet. It is a good idea to prioritize this list according to who is most likely to be helpful. Using these two lists, the networker can then put together a schedule for making or maintaining connections.

Wiktionary Definition for: Network

  • To interact socially for the purpose of getting connections or personal advancement
  • Ex:''Many people find it worthwhile to '''network''' for jobs and information.''
  • To connect two or more computers or other computerized devices
  • Ex:''If we '''network''' his machine to the server, he will be able to see all the files.''
  • To interconnect a group or system
  • Any interconnected group or system
  • Ex:''A '''network''' of roads crisscrossed the country.''
  • A directory of people maintained for their advancement
  • Ex:''To get a job in today's economy, it is important to have a strong '''network'''.''
  • Multiple computers and other devices connected together to share information
  • Ex:''The copy machine is connected to the '''network''' so it can now serve as a printer.''

Additional Resources

How AT&T Plans to Keep SxSW From Swamping its Network
Last year, the hordes of South by Southwest-attending geeks toting iPhones blew out the AT&T network around the convention center in Austin, resulting in dropped calls and crappy connections for many attendees. The subsequent news coverage showed off Ma Bell's network failures for the entire world (or at least the...
Tags: Network, AT&T Corp.
News items 2010-03-02
ATandT CEO Says Variable Network Pricing on the Way
AT&T CEO Randall Stephenson said he expects Apple iPad users to rely heavily on WiFi. As for those data-gobbling customers straining its 3G network, including Apple iPhone customers, AT&T is looking at new pricing models based on usage. AT&T is the latest carrier to warn that the days of all-you-can-eat data...
Tags: Apple Inc., Pricing Strategy, AT&T Corp., Carrier, Randall
News items 2010-03-03
AT&T Downplays Network Impact Of Apple's Upcoming iPad
With Apple’s iPad not shipping for another three weeks or so, and the 3G version more than a month out, it’s hard to know how well the tablet will sell, or how people will use it. Despite the unknown, AT&T (NYSE: T), which is the exclusive carrier for both...
Tags: Network, AT&T Corp., Apple Inc., iPad, 3G, Cellular Phones, Notebooks, Wireless And Mobility, Consumer Electronics, Personal Technology, Hardware, Notebooks & Tablets, Gadgets, Mobile, Technologies / Formats, Companies, Apple, iPhone, AT&T, Tricia Duryee
External links 2010-03-03
Nortel's Hidden Gem: Blade Network Technologies
Mark Evans submits: With the Nortel (NRTLQ.PK) garage sale nearly complete, the last major assets on the table are the 50.1% stake in the Nortel-LG joint venture and the 3,000+ patent portfolio, which includes the much-coveted LTE patents. There is, however, another valuable asset that has escaped the spotlight:...
Tags: Networking, Mark Evans
External links 2010-03-07
How One Mobile Developer Created Its Own Local Ad Network To Boost Fill Rates
Like many other developers, uLocate works closely with ad networks to monetize WHERE, its free mobile app that is available on a number of carrier networks and Android, iPhone and Palm (NSDQ: PALM). But WHERE often struggled to keep its fill rates high, and when campaigns ran out, it...
Tags: Developer, Advertisement, Mobile, Network, Advertising & Promotion, Marketing, Advertising, Local, Media & Publishing, Search, Technologies / Formats, GPS Navigation/Maps, Tricia Duryee
External links 2010-03-10
AOL's 2009 By the Numbers: $190M Reorg Charges; Sold Buy.at For $17M; Patch's $50M 2010
AOL’s 2009 was eventful, to say the least: a new CEO, its spinoff, and a major restructuring and downsizing exercise were among the few of them. And it reflects in the numbers that have come out in its annual 10K report, filed this morning with SEC.—AOL’s restructuring in 2009:...
Tags: America Online Inc., Restructuring, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, AOL, Rafat Ali
External links 2010-03-02
THQ Dissolves Smartphone Games Studio In Finland
THQ (NSDQ: THQI) has confirmed that its mobile game studio in Finland has entered into liquidation, putting an end to a decision made a year ago to make the Universomo office the hub of its smartphone game development. In January 2009, THQ conducted a significant restructuring that included focusing...
Tags: THQ Inc., Smartphone, Games, Personal Technology, Entertainment, Gaming, Mobile, Tricia Duryee
External links 2010-03-02
Could Netflix be Coming to Your iPhone?
Netflix streaming support is on tons of devices — computers, media centers like Boxee , electronic devices like the Roku , Blu-ray players and game consoles (like the X-Box 360, the PS3 and soon Nintendo's Wii ). The next device...
Tags: Apple iPhone, NetFlix Inc.
News items 2010-03-02
Senator to Introduce Internet Human Rights Bill
Senator Dick Durbin, an Illinois Democrat, gave few details about the proposed bill during a hearing of the Judiciary Committee's Human Rights and the Law Subcommittee Tuesday, but he said the legislation would seek to impose penalties on U.S. companies that violate the human rights of bloggers, activists and other...
Tags: company, Google Inc., Facebook
News items 2010-03-02
Socialcast Ease Microblogging Platform Works With Outlook
Socialcast March 2 launched its new Ease microblogging platform. Refreshes for a microblogging platform are not novel, but Socialcast did a smart thing with Ease: integrated it with Microsoft Outlook to let the 500 million-plus Outlook users inject status updates into their e-mail client. EWEEK walks through the Socialcast Ease...
Tags: Platform, Microsoft Outlook
News items 2010-03-02
Cisco Unveils AnyConnect Secure Mobility at RSA
Cisco held an invitation-only media event at the 2010 RSA Security Conference, revealing its new Secure Borderless Networks architecture enabling anyone to connect from anywhere using any device while remaining secure. The first component of the Secure Borderless Networks initiative is Cisco AnyConnect Secure...
Tags: Cisco Systems Inc., RSA Security Inc.
News items 2010-03-02
Leak shows T-Mobile's Cliq XT, HD2, Nuron pricing
A leaked T-Mobile price sheet has surfaced and has revealed provider T-Mobile's pricing for the HTC HD2, Motorola Cliq XT and Nokia Nuron. The HD2 is a Windows Mobile 6.5-powered smartphone equipped with a 4.3-inch touchscreen and will reportedly cost a relatively low $200 after a rebate with a two-year...
Tags: Nokia Corp., T-Mobile, Touch Screen, Motorola Inc., Data Plan
News items 2010-03-02
Cryptologic Inc. Q4 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from [James Hollis – Daniel Stewart] [James Hollis – Daniel Stewart] Where exactly are you going to move these further costs out and clearly you mentioned an annual run rate of $55 million. Do you mean that during 2010 that...
Tags: Quarter, Earnings, CryptoLogic Inc., Call Transcript, Operational Accounting, Finance, Seeking Alpha
Earnings calls 2010-03-02
Cowen Group Inc. Q4 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Devin Ryan – Sandler O'Neill Devin Ryan – Sandler O'Neill You guys spoke a bit about the redemptions and the funds but can you give a bit more color on exactly where they came from. It sounds like the tide...
Tags: Client, Earnings, Redemption, Call Transcript, Cowen Group Inc., Asset Management, Financial Services, Operational Planning, Finance, Business Operations, Seeking Alpha
Earnings calls 2010-03-02
Topeka Changes Its Name To Google, Kansas (Temporarily)
What would you do to get Google to build a super high-speed broadband network in your hometown? If you're the city of Topeka, Kansas, you'd change your name. To Google, Kansas. According to the Topeka Capital-Journal (err … the Google Capital-Journal?), mayor Bill Bunten issued a proclamation today that renames...
Tags: Google Inc., city, Kansas
News items 2010-03-02
Disney Plays Bully in Dispute, Says Cablevision CEO
By Paul ThomaschNEW YORK (Reuters) - Cablevision Systems chief executive Jim Dolan on Tuesday blasted Walt Disney's "bullying" threat to pull ABC from its cable systems over a contract dispute, calling the move senseless and one that invites questions from U.S. regulators.In his first public remarks about the intensifying fight,...
Tags: Disney Corp., Cablevision Systems Corp., ABC Inc., Cable Company, Cable, Network Technology, Telecommunications, Personal Technology
News items 2010-03-02
Bits Scan: Pirates Bay, the Internet River and a Google Patent
Good morning, Bits readers. It's Tuesday, and although the weather in New York is mostly cloudy, our technology news is not: The Pirate Bay Torrents Remain Online Despite Court OrderThe Pirate Bay was a major hub for illegal file-sharing until it was shut down last year by Dutch authorities. TorrentFreak...
Tags: Google Inc., Advertisement, Patent
News items 2010-03-02
GM Names Carlisle as New Sales Chief; Docherty Keeps Marketing
March 2 Bloomberg -- General Motors Co. reorganized its North America sales operations in the second such shake-up since December, including the naming of a new U.S. sales chief.Steve Carlisle was appointed vice president of U.S. sales operations, including overseeing the dealer network, the Detroit-based company said today in a...
Tags: sales, General Motors Corp.
News items 2010-03-02
Weak Walgreen Sales May Prompt Analyst Reviews
By Jessica WohlCHICAGO (Reuters) - Top U.S. drugstore chain Walgreen Co WAG is expected to post a third month of weak sales when it issues February data on Wednesday, which could put pressure on its shares and lead some analysts to review their profit expectations.Walgreen already surprised investors with two...
Tags: Analyst, Same-store Sales, Walgreen Co., Sales, Caterpillar Inc., CVS Corp., Magee, Rite Aid Corp., Target Corp., Wal-Mart Stores Inc.
News items 2010-03-02
Nissan to Sponsor NBC's Parenthood
Carmaker Nissan has struck a deal with NBC to be the exclusive sponsor of the premiere episode of the network's new series Parenthood, debuting tonight at 10 p.m. As part of the sponsorship, NBC and Nissan have co-created four custom ad pieces that will air during the program. The Nissan...
Tags: NBC Universal Inc., Nissan Motor Co. Ltd.
News items 2010-03-02