Collaboration, Vector Math and Good Project Outcomes
Vector math is a field of study with which we are all familiar, even if we don’t know it by that name. Vector math usually involves an XY axis, and sometimes a z-axis for a three-dimensional analysis. However, I’m going to misuse this mathematical term in order to create an analogy about organizational behavior.
Organizations can create their own vector math on any given initiative or project. That is to say, the level at which people have a shared vision and are heading in the same direction can tell you a lot about the likely success of a project or initiative. Having a shared vision requires communication, collaboration and a couple of organizationally rare “earth elements” as far as I can see in corporate America (to further misappropriate scientific terminology and extend the analogy).
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The Economics of Collaboration
Do interactive planning sessions and collaboration make or lose money for my business?
There is no question that collaboration will cost you money up front. If you want to get a group of people together in a room to talk about a project, it’s going to cost you money. Even if the people are salaried employees rather than outside consultants, there’s an opportunity cost for each person for each hour they sit in that room. So why spend money on it? The idea is that one spends money up front in order to save money later. Read More