93% of companies today report the need to improve collaboration within different teams and stakeholders throughout the organization. Research also shows that companies that create intentional collaboration experience higher levels of innovation and growth. Leaders have recognized that people who work collaboratively are vital to business success. On the other hand, the cost of poor collaboration within a company’s culture can be substantial. Why?
Your workforce spends more than two-thirds of their day either in communications or in collaboration, yet lose almost 15 percent of their total work time. In an age where hybrid and remote work are the norm, employees expect to be a screen tap away from connecting with other people. It is common for companies who are trying to keep their tech aligned to the changing work model, end up with a mashup of conflicting and incompatible applications and tools. The result—productivity suffers and teamwork easily breaks down as silos appear across the organization.
Gartner research shows that teams who are given the opportunity to collaborate intentionally are nearly three times more likely to achieve high team innovation than teams that do not use an intentional approach. To unleash innovation in this context, leaders must empower employees to collaborate more intentionally.
Innovation has become a competitive necessity for companies and can drive significant revenue growth. Companies with increased innovation favour an open process that encourages collaboration across the organization. Innovation does not do well in silos.
Intentional collaboration develops from team interactions and communication but goes deeper than simply surface level interactions. Whatever form it takes, strong collaboration emerges from establishing the relationships and support necessary to handle challenging conversations, complex information, and limited time. Done intentionally, investing in areas of intentional collaboration can create rich opportunities for innovation. So how do CEOs design intentional collaboration into their company culture?
One way is to use a workstream communication platform that is current, modern and familiar. Workplace from Meta is a great online collaboration tool available that can help bring teams together and foster a company culture of collaboration.
Highly innovative companies recognize that creating intentional collaboration is vital to business success. One of the biggest factors that contribute to the success of any business is whether or not its employees are able to perform together as a team. With increased competition, it has become extremely important for leaders to encourage intentional collaboration in the office, in order to improve productivity and innovation.
Workplace from Meta provides the workstream communication platform that allows for leaders to implement intentional collaboration to drive innovation and increased productivity.
Collaborating on solutions and strategies is important; however, the innovation that spurs from this must then be aligned to create synergy throughout the organization. Consistent communication including continuous feedback and the exchange of ideas is the key to driving the free flow of creative thinking. This process is critical in driving success in today’s ever-changing world.
Prioritize intentional collaboration and watch as innovation within your business grows.