Importance of Collaboration

Collaboration is a process through which people constructively work together in accomplishing organisational objectives by contributing in areas of their expertise and explore ideas to search for solutions that extend their own limited vision. Collaboration is a continuous process that improves over time. Working relationships become healthier with the increase in collaboration among departments. Working in isolation puts companies at a disadvantage where their counterparts take lead by working in collaboration. It is crucial for organizations to collaborate in todays world where clients seek optimal solutions at a faster pace.  Collaboration has become important due to the below reasons:

• Solve problems through innovative solutions: There is a growing need for creativity and innovative thinking to solve organisational problems. Collaboration leads to the innovative solutions and results that businesses need to succeed. A collaborative approach will enable an organization to come up with innovative solutions where critical assignments can be managed timely and efficient manner.
• Work Efficiency through division of tasks: A collaborative approach will consider division of tasks to specialists to accomplish tasks at incredible speeds. Instead of one or two individuals working on something for months, a team of six or eight individuals could each take a small-specialized part and accomplish the entire thing in a week.
• Employee Retention: Working in collaboration in an organization will make people feel valued which promotes employee retention. Organizations get recognised for smooth collaboration in their departments which becomes their core value. Employees feel good about what they do by working with others in a meaningful way and establishing healthy relationships and are likely to stay in companies longer.
• Self-Analysis: Working in collaboration gives employees a better view of their strengths and weaknesses. It challenges people to think, articulate and receive clarity about their competencies. It enables teams to work better together and cover each other’s gaps.