The value of Collaboration
Director Lynn Gibson recently attended an IOD breakfast meeting. The topic of discussion was collaboration. Here is her summary of the discussion:
- Informal arrangement prior to written agreement
- People coming together to share values and practice with a clarity of purpose
- Share ideas for mutual benefit
Collaboration is about establishing a group of people you trust with tools to maintain trust.
Allows people to share skills / problem solve
Makes for awareness of mutual business opportunities
Many tools to assist collaboration
How to give recognition
Who owns the value
Cross over of interests
Needs clarity of roles
Decision making by committee
Overuse of technology can hinder
Competitors/ cultural mismatch
Senior management not keeping up
30% of value is added to a business by 5% of employees who are collaborating!
Trust, ethos/ethics and shared tools/ technology seem to be imperative elements of a positive collaboration.
Care must be taken to prevent decisions by committee without leadership.
Difficult to ensure obtain monetary value/ profit.