Small Business Today Magazine FEB 2015 TAYLOR CONSTRUCTION MANAGMENT | Page 18

EDITORIALFEATURE

How and When

Collaboration is Advantageous
By Hank Moore, Corporate Strategist™

T

he biggest source of growth and increased opportunities in today’s business climate is dependent upon the
way individuals and companies work
together.  This article is a follow-up to last
month’s column, “Collaborations, Partnering, and Joint-Venturing.”

Situations Which Call for Teams to Collaborate:

• Business Characteristics 
Most industries and core business segments cannot be effectively served by
one specialty.  It is imperative that multiple
disciplines within the core business muster
their resources.
• Circumstances
People get thrown together by necessity
and sometimes by accident.
They are not visualized as a team and
often start at cross-purposes.  Few participants are taught how to best utilize each
other’s respective expertise.  Through osmosis, a working relationship evolves.
• Economics
In today’s downsized business environment, outsourcing, privatization, and consortiums are fulfilling the work.  Larger
percentages of co