In today’s world, work space has fast evolved from just being an area where people work. It now resembles a place where teams come to communicate, collaborate, innovate and think creatively – a winning formula for organisations, and employees who are a part of it, to thrive.
When teams come together to work as one, ideas get shared, problems get solved, decisions get made and workflows become smoother. Most importantly, authentic and genuine relationships are formed which boosts morale and forms desirable culture. At the root of it all sits collaboration – a buzz word for any sized business for one major reason: it works.
Here’s 5 reasons why collaboration is fundamental to business success:
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1. Collaboration Encourages Innovation
When teams come together to work as one, ideas get shared, problems get solved, decisions get made and workflows become smoother. Most importantly, authentic and genuine relationships are formed which boosts morale and forms desirable culture. At the root of it all sits collaboration – a buzz word for any sized business for one major reason: it works.
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2. Collaboration Encourages Innovation
A happy and totally engaged team = a motivated and productive workforce. Collaboration makes teamwork easier, processes more streamlined and workstreams more efficient. Employees will feel at ease to communicate better, listen, learn and help each other to reach a collective goal as a result.
Brand values and promises can also come into play here. A survey conducted by LinkedIn found that 58% of businesses who had articulated brand values within their business plan experienced an annual growth of +10% in comparison to those businesses that did not – proving that by having these in place drives consistent behaviours, guides decisions, reinforces a company’s offering, unifies teams and plays a pivotal role in business success. Individuals and teams will feel more aligned with what your organization has set out to do and realise they all play a part in the bigger picture, no matter their role.
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3. Collaboration Encourages Innovation