Management Tip of the Day: Don't settle for one network

Tue May 3, 2011 4:32pm EDT
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BOSTON (Reuters Life!) - To be successful as a manager and leader you need to cultivate not one but three networks, says Harvard Business Review.

The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and ( Any opinions expressed are not endorsed by Reuters.

"We all know how important networks are to succeeding in business. But most people mistakenly focus on building one network. Instead, you need to think about three separate ones:

1. Your operational network is comprised of the people you rely on to get work done: your peers, direct reports, bosses, and external contacts. Often times you don't choose these folks, but you still need to cultivate them.

2. A developmental network is a group of individuals whom you trust and to whom you can turn to for advice. Select people who bring a diversity of perspectives.

3. Your strategic network helps you prepare for and succeed in the future. In this group, include people who work and live at the edge of your current world and can help you see what's on the horizon."

-Today's management tip was adapted from the "The Three Networks You Need" by Linda Hill & Kent Lineback.

(For the full post: here)

<p>A trader raises his hand to bid on stock prices as he works on the main trading floor of the New York Stock Exchange early in the trading session, December 8, 2008. REUTERS/Mike Segar</p>