What future for alumni networks ?

My former B-School recently launched a social network for its alumni.  I’ve been waiting for it for years since I’m convinced that’s the things must go.

Not such a long time ago, the added value of an alumni network was to be a part of a directory and, sometimes, to attend some events if you had the chance to live in the right place. It was a good way for the younger to see how their elder have been successful in their carreer and to be proud to be a part of the directory and to be able to ask the so-called elder for help. A good way too for the elder to feel they can help their successors. Or to be overwhelmed by “calls for help”, depending on how you see things.

As time went by, being a part of a directory was not enough. Something more was needed. In the web era, being a part of a paper or online directory didn’t match alumni’s needs anymore. A more dynamic vision was needed to stimulate its activity and exchanges within it. The directory has to become a network. It’s nothing more that the adaption of what’s happening in real life to a higher scale made possible by the web. Once, a friend told be : “you see, there’s the directory. It’s the only thing we all share, and the network is for those who already know each other, make things together”. Now  the network would be open to everyone, without any time or place constraint.

That’s why I was enthusiast when I was told the network was opening. But I’ve been postponing my first connection for weeks. Or months. Anyway. As a matter of fact what I have been waiting for for years and had just opened was not at the top of my priorities. I came to wonder why.

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Extended company is multidimensional

networkingA reflection inspired by an article in the french newspaper “Le Figaro”…

I think you’r familiar with the concept of exented company. In simply supposes that a company is not only an entity by itself but makes up a whole with its surrounding. As an example it brings a company to cooperate more with its custumers or its suppliers in order to embetter its products, stick to the market, be more reactive, anticipate… and at the end be more efficient and increase its profitability.

I’d qualifiy this side of the extended company as a “spatial side”. The article was about the importance of alumni’s network for companies and made me realize there was another dimension we often forget: the temporal side.

As a matter of fact we all know that making a company behave as a community is a guarantee of performance. We also know how networks are important to make opportunities happen. What we neglect so often is the importance of the community of people who are not in the company anymore but who are still important for it.

Perharps they may come back for a new challenge, they know people the company can hire (so it lowers recruitments costs), their experience is still valuable, they can become customers or suppliers…

When we consider a company we should integrate those people in the human capital component because they still are ressources, not the way they were before, but they still are. And when we talk about the network of the extended company we should not only consider the spatial dimension but also the temporal one, taking in account what the “ex” can give.