Collaboration

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Five Ways to Improve Communication in Virtual Teams

If you think sophisticated communication technologies are the ticket to your virtual team’s success, think again. It’s not the tech that matters — it’s how people use it. New research reveals five strategies for conquering distance and improving communication and performance in dispersed teams. The same strategies can help colocated teams, which depend increasingly on virtual collaboration tools to get work done.

The Ability to Navigate the In-Between Spaces

  • Blog
  • Read Time: 7 min 

Efforts to effectively connect decision-makers in large organizations across functions, divisions, and business units — not to mention with other companies, governments, and other external stakeholders — usually require organizational innovations. Several key leadership attributes are necessary for this to work. They include the ability to navigate the gaps not covered by specialists, a record of following through and getting things done, and knowledge of other cultures, including the ability to speak multiple languages.

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Following the Digital Thread: Creating a Smart Part and Managing Its Life Cycle

  • Video | Runtime: 0:06:37

  • Read Time: 1 min 

In Part 2 of our eight-part video series, we explore how technology affects product and component design. The digital thread not only streamlines product design via the ability to digitally scan an existing part or design a new one using computer-aided design (CAD) software, it can also accelerate the development process by affording previously unattainable levels of transparency and input.

Five Principles for Organizing Collective Intelligence

A featured excerpt from Big Mind: How Collective Intelligence Can Change Our World. Geoff Mulgan’s new book provides a guide to managing and optimizing collective intelligence. The five fundamental principles Mulgan outlines in this excerpt offer a nuanced answer to the question: “What is it, at the micro and macro levels, that allows collective intelligence to flower?”

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The Unique Challenges of Cross-Boundary Collaboration

Technology has made business more globally connected than ever before. This is especially true for innovation projects, where diverse experts bring their specialized knowledge to play. But there’s a hitch: Many of today’s team projects have built-in hurdles because of differing communication styles, cultures, and professional norms. Leading this kind of “extreme teaming,” which often involves complicated hierarchies of power, demands both curiosity and humility.

How Office Seating Arrangements Can Boost the Bottom Line

  • Blog
  • Read Time: 4 min 

Investopedia CEO David Siegel doesn’t micromanage — except when it comes to employee seating arrangements. He personally recommends where each new employee should sit with an eye toward improving collaboration between departments. And his entire executive team sits together — no offices, cubicles, or preferential seating. He argues that this approach to team building and breaking down silos has been critical to his company’s success.

Developing Successful Strategic Partnerships With Universities

Collaborations between companies and universities are critical drivers of the innovation economy. As many corporations look to open innovation to augment their internal R&D efforts, universities have become essential partners. However, companies often struggle to establish and run university partnerships effectively.

We Must Rescue ‘Win-Win’ From Its Buzzword Status

  • Blog
  • Read Time: 6 min 

Companies tend to compete not as individual entities, but as members of networks — which makes collaboration a strategic necessity, not merely a tactical choice. But while many executives say they want win-win solutions, in reality, they usually seek victories that don’t excessively annoy their counterparts. In other words, “win/no-lose” is a more accurate description.

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Why Your Company Needs More Collaboration

What distinguishes companies that have built advanced digital capabilities? The ability to collaborate. Research finds that a focus on collaboration — both with and without technology, both within organizations and with external partners and stakeholders — is central to how digitally advanced companies create business value and establish competitive advantage over less advanced rivals.

Five Rules for Managing Large, Complex Projects

Large-scale, long-term projects are notoriously difficult to manage. But recent research on megaprojects — defined as projects costing more than $1 billion — reveals five lessons that can help executives manage any big, complex project more effectively.

Cultivating a Culture of Cross-Functional Teaming and Learning at CarMax

The days when buying a used car meant “kicking the tires” and wading through a hard sales pitch are gone. With customer expectations evolving in a rapidly changing digital environment, digital dealership CarMax’s product development teams are “all about developing customer-facing and associate-enabling technologies,” says CIO Shamim Mohammad — but the focus is on the teamwork, not the tech.

How to Catalyze Innovation in Your Organization

The authors’ research suggests that, rather than leaving the development of innovation to serendipity, executives should create collaborative contexts where innovation is likely to emerge from unpredictable pockets of creativity within an organization. By understanding and tapping the power of employee networks, executives can stimulate the creation of these kinds of collaborative environments.

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