Organizations whose members are business people who have affiliated for the purpose of making contacts and developing mutually beneficial relationships that will further their own business interests and those of other members. Business networking groups provide opportunities for exchanging business information, ideas and support; and may be structured for young professionals, business women, international business people, organization executives, professional consultants or other specific populations.
Organizations whose members are individuals and companies in the same trade or industry who have affiliated for the purpose of advancing common interests, taking united action on common problems, exchanging ideas and ensuring that the industry grows and prospers. Trade associations lobby for legislation that advances industry interests; establish standards and guidelines that strengthen the field; provide information about issues which affect the industry and a forum for discussion and action where necessary; research and disseminate industry statistics; provide websites, directories, newsletters or other vehicles where members can advertise their products and services; and/or host national or international trade exhibitions, showcases and product presentations, trade missions and other promotional activities. Some trade associations have buying consortiums; negotiate discounts on related services; and offer liability, health, disability, business and other insurance to members.
The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.