n Connections for collaborations with other experts
n Resources for new groups
n Possible leads for my business
n New perspectives i.e. connections with non like-minded spirits
I’d like to highlight another often neglected use of networks, written about clearly by Larry Prusak on HBR Blog Network in November 2011. Prusak talks about “Knowledge Networks” in connection to how developing countries can benefit from other nations' accumulated knowledge about what works, for example in private sector development. Often these developing countries lack access to that knowledge and face hurdles in adapting it to their specific contexts and needs. Prusac explains that “knowledge networks are densely connected sets of people and institutions (often both public and private), gaining and sharing know-how relevant to each other's efforts around the globe. Networks can be developed consciously or arise in evolutionary fashion; either way, their value is in their production and dissemination of knowledge.” In a study that Prusac uses throughout his article, it turns out that for countries “there’s a strong positive linear relationship between connectedness and four key performance indicators: government effectiveness, regulatory quality, competitive industrial performance, and GDP per capita purchasing power parity.” The bottom line and transferrable to your and my daily networking: knowledge networking is very valuable, and it requires you to show yourself vulnerable, if that’s how you want to label ‘showing your gaps in knowledge’.