The young entrepreneurs’ view on the value of social networking for business progress

Katarzyna Dziewanowska, Edita Petrylaite

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

This paper explores the value of social networks for business development and it looks at the nascent entrepreneurs’ sensemaking of social collaborations. The initial analysis of the data gathered from five countries (South Korea, Poland, Slovenia, Ireland and United Kingdom) reveals that networking can benefit and hinder business progress in four phases of social network development. The interviewed young entrepreneurs acknowledge that social networks lead to new opportunities but can also create obstacles. The new opportunities present in the form of expanding one’s skills and competences, receiving support, information and mentoring, while drawbacks result from inaccurate advice, wasted time, jealousy and lost focus. The findings of this study can inform various institutions from education to chambers of commerce on how to improve social networking to help the young entrepreneurial workforce in building these skills at a younger age before embarking on the entrepreneurial journey.
Original languageEnglish
Title of host publication2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration IV
Publication statusUnpublished - 21 Jun 2021
EventThe 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration - Chonnam National University, Gwangju, Korea, Republic of
Duration: 22 Jun 202123 Jun 2021

Conference

ConferenceThe 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration
Country/TerritoryKorea, Republic of
CityGwangju
Period22/06/2123/06/21

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