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BUSINESS NETWORKING

Diversity and Networking

By Dr. Ivan Misner

When it comes to business networking, you never know who people know. One of the important keys to being successful at building a powerful personal network is diversity.

In running a large business networking organization for the last two decades, I often speak to people who tell me they want to network exclusively with other business professionals who work with clients in a similar socio-economic target market, in other words – network with business professionals with similar clients. Although it is good to include these people in your personal network, any attempt to network with them exclusively would be a tremendous mistake.

It is human nature to congregate with people that are very much like us. People tend to cluster together based on education, age, race, professional status, etc.. The bottom line is that we tend to hang out with people who have similar experiences or perspectives as ours. Most of our friends and associates are often friends and associates with each other as well. The problem with this is that when we surround ourselves with people who have similar contacts it may be difficult to make connections with new people or companies with whom we desire to do business.

A diverse personal network enables you to increase the possibility of including connectors or “linchpins” in your network. Linchpins are people who in some way cross over between two or more clusters or groups of individuals. In effect, they have overlapping interests or contacts that allow them to link groups of people together easily.

When it comes to networking, diversity is key because it allows us to locate these connectors, or linchpins between clusters of people. Connectors are the gateways to other people. They create shortcuts across groups.

The best way to increase the number of linchpins in your network is to develop a diverse network – not a homogeneous one.

Having developed over 4,000 networking groups in two dozen countries around the world, I can categorically state that the strongest networking groups I've seen are generally ones that are diverse in many, many ways. The more diverse the network, the more likely it will include overlapping connectors or linchpins that link people together in ways they would have never imagined.

I believe that one of the problems in understanding this concept is a somewhat built-in bias that many people have about networking with individuals that are outside their normal frame of reference. Let me give you an example. A good friend of mine in Boston, Patti Salvucci, recently told me an amazing story.

Patti runs dozens of networking groups for BNI in the Boston area. She told me about one of the groups she was visiting recently that met in a private meeting room at Fenway Park. She said that she arrived a little early to the meeting and noticed an older gentleman setting up coffee mugs in preparation for the meeting. Well, anyone that knows Patti knows that she is a master networker and so she struck up a conversation with the man while waiting for members to arrive. In talking to him, she was really taken by the amazing tenor of his voice. She mentioned to him that he had an incredible voice and asked what he did before this. The gentleman informed her that he used to be a commentator for CNN! He went on to tell her that in his later years, he wanted to work in a less hectic job as well as live closer to his daughter. He decided to take on the job of managing the owner's suite at Fenway Park in Boston because it gave him an opportunity to be close to his family while having a less hectic career later in life.

Patti asked him about some of the people that he met during his time in broadcasting. He shared many great stories with her including an interview that he had done with JKF a week before he was assassinated. He also talked about meeting Martin Luther King and Nelson Mandela during his career. It was an interesting conversation that she genuinely enjoyed.

Later when the meeting was in full swing, one of the regular members, Don, publicly mentioned that he would really like to do a radio talk show someday and was looking for some contacts that could help him pursue this dream. After the meeting, Patti asked Don… “Do you see that guy over there (pointing to the ex-CNN commentator)? Have you seen him before?” “Yea,” said Don, “he's the guy who sets up the coffee for our meeting.” Patti said to Don, “did you know that he used to be a broadcaster for CNN? Don said, “Oh my God, I had no idea!!!” Patti suggested that Don introduce himself and learn a little about the man he's seen every week for the last several months because he may very well be able to make a connection for him in the broadcasting industry

The irony in this story is that he had seen the man on many occasions but had not struck up a conversation with him because he felt that they had little, if anything, in common. The truth is, when it comes to networking – not having a lot in common with someone may mean that they can be a connector for you to a whole world of people that you might not otherwise be able to meet.

Some of the strongest networking groups I've seen over the last two decades are ones that are diverse in many ways. They have a good mix of members based not only on race and gender, but also based on profession, age, education, and experience. The more diverse your network the more likely you are to make overlapping linkages between clusters of people. The more linkages you can make between clusters of people the stronger your network can be.

If you wish to build a powerful personal network – branch out. Build a diverse network of professional contacts that include people that don't look like you, sound like you, speak like you, or have your background, education, or history. The only thing that they should have in common with you and the other people in your network – is that they should be really good at what they do. Create a personal network like that, and you'll have a network that can help you succeed at anything.

This article is taken from Ivan Misner's column for the International Business Times.

About the author: Ivan Misner is a New York Times bestselling author, founder and CEO of BNI (the world's largest referral organization), and Senior Partner of the Referral Institute (founded by the same people who established BNI).

We Don't Teach Networking in College

By Dr. Ivan Misner

If you have read any books on networking or word-of-mouth marketing, it might surprise you to learn that as a college professor and expert in the field, I would tell you that you've actually received a better education on these related subjects than what you would have received at most universities or colleges around the world. As hard as that is to believe – it's true.

How do I know this? Well, besides running the world's largest referral organization and having taught in two different business schools myself, I've confirmed it by asking thousands of entrepreneurs about the subject.

I recently surveyed over 1,400 business people and 88% of the respondents said they never had any college course that even covered the topic of networking! I'm not talking about an entire course on the subject (they are almost non-existent); I'm talking about ANY course that simply covered the topic in school. Yet, based on another survey of over 2,500 business people from around the world, 75% said they got most of their business through networking!

Networking, also known as word-of-mouth marketing, is one of the most important ways for entrepreneurs to build their businesses, yet we don't teach it in colleges or universities around the world. Despite that fact, according to a third survey of business professionals that I've conducted, 82% of all business people belong to some type of networking group!

OK, so let's recap – the overwhelming majority of entrepreneurs from these surveys belong to some type of networking group AND get a major portion of their business through networking, and yet only a fraction have ever had any course that even mentioned the subject of networking (forget about a full blown class on the subject). What's wrong with this picture?

We give people bachelor's degrees in marketing, business, and even entrepreneurship, but we teach them hardly anything about the one subject that virtually every entrepreneur says is critically important to their business – networking and social capital.

I currently teach at a university in Southern California. For more than 15 years I have been unable to get the business school to even consider a course on this subject (ironically, the school of psychology is willing to have me teach it, but NOT the school of business)!

Why don't business schools teach this subject? I think it's because most business schools are made up of professors who've NEVER owned a business in their life! Almost everything they've learned about running a business they've learned from books and consulting. Well, I've read a fair number of books, I was a consultant for many years, and I've run BNI for almost two decades. I can tell you first hand that if you haven't actually owned a business, you have a handicap in teaching a course involving entrepreneurship.

Can you imagine a law course taught by someone who's not an attorney, or an accounting course taught by anyone without direct accounting experience? Yet we put business professors in colleges to teach courses related to marketing and entrepreneurship with little or no first hand experience in the field. Is it any wonder then that a subject that is so critically important to business people would be so completely missed by business schools? Of course not. Networking and social capital courses aren't taught in business schools because most business professors aren't practitioners. They don't really understand the importance of this subject for entrepreneurs.

Granted, there was little written in the field of networking and social capital twenty years ago (do a literature search – you'll see), but that is not the case today. There are hundreds of articles and many books on various facets of the area. A thorough bibliography of many of these articles and books can be found in the back of The World's Best Known Marketing Secret (Revised Edition). Networking is a field that is finally being codified and structured.

Business schools around the world need to wake up and start teaching this curriculum. Schools like any large institution are bureaucracies, so it is unlikely to happen quickly; however, for those schools with vision, foresight, and the ability to act swiftly (sort of the way business professors claim that “businesses” should act), they will be positioning themselves as leaders in education by truly understanding and responding to the needs of today's businesses. These schools will be on the cutting edge of business education so as to better serve their students while positioning themselves as a leading institution for entrepreneurs.

Word-of-mouth marketing works. Social capital is critically important. And networking is the mechanism to develop both. As more universities and colleges open their doors to professors who want to include this strategy with their marketing instruction, we are going to see a major shift in the business landscape. We will see emerging entrepreneurs who will be equipped with another strategy for success in business. We will see networking utilized at its fullest capacity and we will see business schools actually teaching a subject that the business practitioner says is important.

What a thought. Oh well, it's good to have goals.

By the way, there is at least one school that has a regular, core-curriculum, college course on the subject of networking and social capital and that is the University of Michigan. The course is taught by Dr. Wayne Baker (a co-“owner” of HUMAX). Well done, Wayne.

On a final note, if you think a course on this subject is a good idea, E-mail this article to the department chair of any business school you may know. If I'm lucky, the school where I teach may finally be interested – or if I'm not, I may need to find another teaching position.

This article is taken from Ivan Misner's column for the International Business Times.

About the author: Ivan Misner is a New York Times bestselling author, founder and CEO of BNI (the world's largest referral organization), and Senior Partner of the Referral Institute (founded by the same people who established BNI).

 

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