Whether your company has two employees or two hundred employees, it is critical that you practice effective team collaboration and have an internal communication strategy for business in place. If your company doesn’t stress collaboration, you may have a difficult time competing in our increasingly interconnected world.
In this article, we will examine why collaboration is important for businesses and outline some of the best ways to implement effective team collaboration strategies in your business.
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Information gathered from studies conducted throughout workplaces over the years provide great insight into how important effective team collaboration is to the viability of a business:
Profitability tends to increase with collaborative efforts: A study found that companies who report using effective team collaboration in their business saw roughly 20% improvement in profit.
Nearly 3/4 of workers attribute success to effective team collaboration: Many individuals believe that collaboration should be emphasized and should be a part of every internal communication strategy for businesses.
A lack of communication leads to increased stress: Nearly 80% of employees surveyed in one study reported that they felt stressed when effective team collaboration strategies were not implemented.
These statistics become even more important when one considers that many employees are now working in a fully remote or hybrid setting. These work environments require companies to implement strategies different than those utilized in an in-person office setting.
Therefore, we will next examine some of the best ways that businesses can practice effective team collaboration, whether they are operating in-person or remotely.
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In order to improve collaboration in a company, workers need to trust their employers and vice versa. The following list provides some suggestions on how to increase trust and collaboration in your business.