Business network

A business network refers to a complex, enduring, and interdependent webs of business relationships among market and non-market actors that allow firms to co-create value in their business environment. Firms influence their markets by managing and signalling their network positions, facilitating entry of new actors, or removing other actors, for instance, through disintermediation, which means elimitating the middleman.

When some actors within a business network have joint strategic intents and work together to achieve certain objectives, then the network is called a strategic business net. These objectives, which are strategic and operational, are adopted by business networks based on their role in the market.