Research has shown that the lack of access to informal networks of influence and power in corporations is one of the key challenges for women’s advancement, next to the absence of role models and the prevailing stereotypes. In the current fast-changing and complex business environment, who knows you is becoming more important than who you know. With this growing awareness, a shift is taking place in the focus of these networking activities. Although establishing social contacts and advocating against injustices are still important reasons for their existence, increasingly women’s networks focus on generating business opportunities, skills building and career advice. Executive women in corporations and entrepreneurs find value in creating formal and informal groups which address specific issues related to their positions in the business world.