Fostering Collabloration

Fostering an environment of collaboration in businesses large and small is a continuous process that is not without its difficulties, but research suggests it is worth the effort. Collaboration not only plays a key role in making strategy personal-this report finds a consistent correlation between effective enterprise-wide collaboration and business success. \r
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This EIU research, sponsored by BTS, explores whether firms are leveraging collaborative techniques to improve business success, the difficulties of collaboration and the value of collaborating across functions and levels to achieve strategic alignment. It is based on a survey of 249 business leaders in North America, Europe and Asia-Pacific. \r
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Key findings from the research include:\r
• Effective collaboration correlates with better business results. In terms of market share leadership, the study found that leader organisations more often say it is practised routinely, than non-leader organisations (73%).\r
• In top-performing companies by industry market share, collaboration is believed to be more effective at every level, from the C-suite down to line employees\r
• Top-performing companies collaborate differently. They more frequently use collaboration to fix intra-organisational issues, such as planning future endeavours, while non-leaders are more frequently collaborating to fix specific client and customer issues\r
• Collaborative culture is less fully realised in many large organisations, but executives from these companies remain convinced collaboration will play an increased role in the years to come