Abstract
Statement of Purpose. The purpose of this study was to discover the relationship between business networks and value creation, which was defined in terms of building social capital and initiating and sustaining civic activity. This study also aimed to discover the relationship between business networks and value creation in terms of improving intra- and interbusiness relationships and processes. Theoretical Framework. The study revolved around and was anchored by the theories and principles of Skocpol (2003) and Owen-Smith (2009). The principles were presented in a theoretical model highlighting the impact of these theories on business networking, providing a basis for the questions of this research. Methodology. Primary data were collected through two survey questionnaires hosted through Survey Monkey. Questions related to business networking and involvement in professional networking were analyzed from an initial survey by Dr. Misner. A survey was developed for this study utilizing questions from the original survey and adding questions related to the characteristics of the respondents and volunteerism. Results were analyzed statistically and a demographic profile of the respondents presented along with answers to the research questions. Findings. Survey findings supported prior research in the literature that business networking creates an impact on society by transforming the process people employ as they engage in business with respect to networking and collaboration. They further supported involvement in business networking due to the cost effectiveness as a method of generating new business and tapping new business opportunities. Findings suggested business networking creates an impact on society by transforming the processes people employ as they engage in business working with one another, resolving business problems, developing trust and confidence as business enterprises, interacting with other companies, and making profits. Conclusions and Recommendations. Business networking strongly influences social capital and civic engagement. Business professionals are becoming increasingly involved in different business networking activities. Business professionals are involved in volunteer activities because they want to give back to their community, they are committed to volunteerism, and they want to expand their contacts and increase their business opportunities. It is recommended business networking be expanded and promoted as it plays an important role as a catalyst for economic activities, change, and positive progress.