Busi 1604 DOC
1760 words 8 pagesBUSI 1604 – Foundation of Scholarship and Research
Business Collaboration – A new strategy to success
Is business collaboration, rather than market competition, becoming the key to success?
Discuss in relation to two Sectors.
Table of Contents
The business value of collaboration 5
Information technology 5
Automotive Industry 6
Collaboration is a joint effort and well-defined relationship entered into by two or more organizations to accomplish a task or project. Successful collaboration is defined as “a win/win arrangement that is likely to provide improved business success for both parties”. (McClellan, 2002, p20). Organizations are …show more content…
This is one of the best collaboration done in both innovative and R&D challenges to gain market success.
(Cisco, 2014) Cisco collaboration solutions compass a wide mixture of technologies, Collaboration Endpoints, Customer Collaboration and so on. They plan for new collaboration initiatives and technologies, ease organization with greater visibility and responsiveness. Which helps them to align technology decisions with business requirements, oversee expenses, increase the speed of deployment and demonstrate a fast quantifiable profit. Effectively coordinate existing databases with new collaboration tools and platforms to deliver a unified industry success.
Like the IT industry, the automotive industry is a growth industry. It has broken record after record in recent years, the automotive industry begins its second century, and it is dominated by a handful of large players. The automotive industry is made up of the multinational organizations with a scope of items that integrate cars, trucks, and mass travel transports. The industry is in a constant state of change to react to a variety of issues. Many countries are coming up with new product design to meet the changing demands of the market, to globalization of production facilities (Michael McClellan, 2002). Globalization, individualization, and increasing competition are the new challenges that today’s automotive industry are facing. Automotive