Explain the rationale and logic behind organization collaboration.

Answered: Explain the rationale and logic behind…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Explain the rationale and logic behind organization collaboration.

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Meaning of organization collaboration

Organizational collaboration means two companies/entities/industrial or manufacturing units start working together by sharing their talent of employees and ideas and are working towards common goals and objectives and enjoy profit together and share risks also. The collaboration in this virtual world has even become easier as the two organizations may be there even in different countries also so the employees of two collaborated organizations may keep in touch with various real-time tools, virtual meetings etc.

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