19 minutes ago
Collaboration in business is one of the most powerful factors that have moved businesses to greater heights.
There are several reasons why enterprises should collaborate as seen bellow
1. Access to new markets
Collaboration between enterprises help to expand the distribution network. The bigger the market share, the bigger the profit.
2. Increase in resources
When enterprises collaborate, they fill up for each others lapses and become each others strengths. This is particular in terms of resources.
Most often, an enterprise is held down from expanding because of limited resources. But when it has a partner or partners, it becomes less transactional to get the necessary resources that will steam up the business.
3. Social Responsibility
Social responsibility is the ability of the Enterprise to participate in community development. Businesses coming together to pursue such projects will not only benefit a good reputation and trust, but also minimize expenses in their SR ventures.
4. Sharing business ideas
EVERY BREAKTHROUGH IN BUSINESS IS A RESULT OF AN IDEA AND RELATIVE SKILL.
The collaboration of companies leads to a collaboration of great ideas and skill!
(Please give examples in the comment section of great businesses in your area that collaborated and their product. YOU CAN TAG THEM TOO )
5. Increase Power and Authority in the market
If local companies in thesame production line could brand together they could stretch an elbow that would breakthrough into the worlds market.
There is power in togetherness💪 and enterprises big or small will greatly benefit if they can join forces, make their rules together, plan, strategize and execute as a team.
6) Confidence in taking risk
When businesses can share their risk they have more confidence in diversifying to different areas that could be more rewarding.
When enterprises work together, they become less forcused on themselves and overcoming each other and become more FOCUSED on their BIG VISSION.
Contact @afrikspark for collaboration with your enterprise, and enjoy free services and products that will boost your business right away!