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Characteristics Of Business Networks And Their Role For Strategic Company Development

Author

Listed:
  • Anny Atanasova

    (South-West University "Neofit Rilski", Blagoevgrad, Faculty of Economics)

  • Dilyana Yaneva

    (South-West University "Neofit Rilski", Blagoevgrad, Faculty of Economics)

Abstract

The processes of globalization and internationalization impose the need to change the traditional thinking and reorganize the strategic corporate governance. An important prerequisite for the strategic development of the modern organizations is the construction of flexible business network structures for intercompany interaction. In this regard, the purpose of the paper is to study the specifics of the business networks and on this basis to justify their role in the process of strategic corporate governance. In connection with the goal realization, the following tasks are solved in the article: presentation of the theoretical bases of the business network organizations; consideration of the development of the theory; identification of their main features; presentation of the network business structure as a system; argumentation of the importance of the business networks for the strategic company development.

Suggested Citation

  • Anny Atanasova & Dilyana Yaneva, 2021. "Characteristics Of Business Networks And Their Role For Strategic Company Development," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 9(2), pages 58-67.
    • Handle: RePEc:neo:epjour:v:9:y:2021:i:2:p:58-67
    DOI: 10.37708/ep.swu.v9i2.5
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    References listed on IDEAS

    as
    1. Hans B. Thorelli, 1986. "Networks: Between markets and hierarchies," Strategic Management Journal, Wiley Blackwell, vol. 7(1), pages 37-51, January.
    2. Vyara Kyurova & Teodora Kiryakova-Dineva, 2019. "Sustainability In The Business Environment Through Intercultural Dialogue," CBU International Conference Proceedings, ISE Research Institute, vol. 7(0), pages 360-369, September.
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    More about this item

    Keywords

    business networks; network structures; strategic development; strategic management;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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