11.1.6. Summary of Key points

Networks can bring significant benefits to member organisations. The network can allow groups of companies to undertake activities that individually would be beyond their capacity e.g. marketing, training and R&D. Membership of networks exposes the managers of companies to best practices and to new methods of doing business. Networks also facilitate the sharing of knowledge among members.1

In this module you learned about the basics of Innovation Networks. You got an overview of how the link between network promotion and economic development is being taken very seriously by every sector. You have studied how to establish a network and which key points should be considered when you find new opportunities in your own sector for networking.

1 www.forfas.ie/publications/forfas040624/webopt/forfas040624_innovation_networks_webopt.pdf