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Building Effective Networks

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The success stories of networks by the Japanese Keiretsus and Korean Chaebols, international cooperative agreements, regional and economic integration, new organizational forms and structures, international collaboration and uncommon associations.Findings: The findings of the study reveal that the various forms and patterns of networks and their impact on societal and organizational functioning have enhanced the role played by various networks in today’s world (Tung, 2002, p. 99).Practical Implications: The practical implications of the study point out that no world nations can escape itself from the spread and influence of global networks. Similarly, nations that fail to implement or be part of effective organizational and social networks are most likely to lag behind in terms of economic and organizational growth and development.Value to the Reader: The paper offers a number of useful insights to the reader. The reader gets a thorough understanding as to how organizational functioning and behavior are being influenced by global or international networks. Networks also act as effective means in determining organizational change. Globalization has facilitated collaboration between various networks and multinational organizations can benefit the most out of global patterns of networks. However, one should also be aware of the dark sides of networks as they have the potential cause destruction and disruptions. Similarly, the success of effective networks calls for the need to have effective global strategies and trans-national collaborations.Design/Methodology/Approach: The methodology for the study has consisted of interviews and surveys. The researchers interviewed HR executives from over 30 companies and collected surveys from executives attending several sessions at the University of Michigan Senior Human Resource Executive Program (Mendenhall, Black, Jensen, amp. Gregerson, 2003, p. 20).