Creating Business Agility

Chapter 5Power of Collaborative Management

If you are reading this chapter, you have realized the fact that we are working in both a real and a digital business environment where there are no geolocation boundaries. Internet and cloud technology solutions have enabled us to work from anywhere, at any time, on any devices. It is only the mind-set that has to change rapidly and start thinking globally from any business execution point of view. In this chapter, we enumerate and outline some of the leading tools that may provide effective collaboration in the context of business to optimize cost and help in growth.

As a business owner or as a line of business leader or even as a manager of a department, one has to ask a simple question: How do you perform your day-to-day tasks or make business decisions on a critical business matter? Do you decide all on your own or based on collaborative insights from team members? In today's dynamic environments, we have to examine whether traditional management provides enough value where business agility, adaptability, and survivability are required. In the context of ecosystemism, we discussed the significance of customers and partners all playing greater roles of influence. It would not be prudent for managers or business leaders to work in isolation when executing business functions, despite their capability, knowledge, and experience. Making decisions completely on gut instinct and experience of a business leader was a normal practice in ...