Potential Benefits of Collaboration

Successful and disciplined business collaboration can yield a range of substantial results. It can reduce overall expenditures by lowering transaction costs and reducing waste of resources. It can enhance quality of products and services through better, more-informed decision-making, reduce product defects, and enhance customer experience by improving communication and enhancing workers’ stake in results.

Disciplined collaboration may at times appear to slow an organization down in the early stages of a joint project, but ultimately the extra time can result in reductions in the overall product/service development cycle, thereby accelerating the go-to-market timeline.
Finally, disciplined collaboration can greatly improve business agility by accelerating innovation - increasing the likelihood that an idea will be explored, perfected, and implemented, and increasing organizational flexibility.

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