Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Let’s face it, no one individual, group, or department has all the necessary talent, skills, resources, or time to innovate and succeed on their own in the long run. So look around you: No matter what kind of business you run, effective collaboration is often the only realistic way to get the job done. That means the people around you are essentially your business partners.
Part of your job then is to help support these business relationships and enhance collaboration overall. Try the following as part of your task:
Include all appropriate groups in the planning and decision-making process.
Develop a sense of ownership and buy-in among all participants.
Identify measurable long- and short-term goals.
Do what you can to ensure the availability of tools, technology, and resources necessary to facilitate success all along the way.
Be open to a variety of leadership possibilities that include shared, rotated, formal, and informal levels of responsibility and authority.
Value, respect, and include a diversity of people around the table. Beyond the obvious, recognize that differences create movement and progress in the status quo.
Be open to involving others as the work moves forward in new directions.
Capture and measure milestones of progress along the way; provide feedback and course corrections as needed.
Pay attention to group dynamics and develop ongoing mechanisms for maintaining positive working relationships.
Deal with obstacles as you bump into them.
Clearly identify and define roles and responsibilities.
Recognize, take pride in, and celebrate successes together.
President and Founder
Sioux Falls, S.D.
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.