How collaboration through knowledgement sharing can be of help in times like this

With the economic recession still biting hard, the need for collaboration among business organisations in same line is of essence, it is believed that if the benefits and value of such collaboration are well understood by all parties involved the various parties involved then they will be motivated to meeting the objectives of such collaboration and this in-turn would lead to the production of better business solution, with a good knowledge management platforms in place business organisations could create, transfer and apply knowledge acquired from such collaborations for better achieving operational or organisation’s objectives (Oracle, 2010).

With a good knowledge management system in place businesses can reduce cost of doing research for better business solutions as by knowledge sharing the various project teams can avoid the problem of ‘reinventing the wheel’ and accessing knowledge from findings of other teams whether in same or different organisations that have or still working on same project, this way both time and money resources are well utilised as such allowing for potential to expand, increase value, and improve business solutions (Gundry, J. & Metes, G., 1996).

References:

http://www.knowab.co.uk/wbwteam.html

http://www.oracle.com/us/corporate/insight/enterprise-collaboration-wp-171715.pdf

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