Collaborative Working is Important Right Now!
In times of global economic uncertainty, organisations are seeking solutions to help them to survive, grow and achieve their objectives.
There can be strength in numbers and the response of many organisations is to collaborate with like-minded partners who are willing to make a significant contribution, share the risks and costs and reap the benefits of collaborative working.
What are the Benefits of Collaborative Working?
Collaborative arrangements, when they work effectively, can enable two or more parties to:
- Deliver their products or services more effectively.
- Improve efficiency and performance by improving processes.
- Share knowledge, experience, skills and resources.
- Assess, manage and reduce risk more effectively.
- Raise morale and increase motivation.
- Increase sales and marketing opportunities.
- Assist innovation.
- Reduce costs.
- Interact more effectively with customers and other stakeholders.
- Protect and enhance reputation and inspire confidence.
- Offer more flexibility to customers.
- Maintain a competitive edge.
Of course, a partnership of any type is unlikely to become successful by chance. This is where BS 11000 can help by offering an essential tool, in the form of a tailored framework, to encompass and govern any situation, so that any collaborative arrangement is more likely to produce the desired results.
How Does BS 11000 Work?
BS 11000 divides any collaborative arrangement into eight stages which can be grouped together into three essential phases, from the start to the end of the relationship. This provides a pathway to govern and manage a relationship. Adopting the BS 11000 framework will be likely to enhance the chances of achieving the shared goals of the partners.
The Main Eight Stages of BS 11000
Phase 1 – laying the foundations through:
3. Internal assessment.
Phase 2 – identifying and working with partners by:
4. Partner selection.
5. Working together.
6. Value creation.
Phase 3 – managing and maintaining the relationship and ending it on good terms:
7. Staying together.
8. Exit strategy.
BS 11000 can support a collaborative arrangement through a clear set of principles that can be adapted to ensure that the partnership is well managed and effective.
Who Can Benefit From BS 11000?
Any organisation wishing to work in collaboration can benefit from BS11000 in a range of situations, including:
- Any arrangement involving two or more parties.
- Collaborative arrangements involving parties who are external to each other or members of internal divisions within the same organisations.
- Arrangements between clients/customers/suppliers as part of a supply chain.
- International partnerships.
- Public and private sector relationships.
- Multi industry / sector arrangements.
Please Contact Touchstone Renard
If you would like to discuss the ways in which BS 11000 can help your organisation with collaborative working, please get in touch with us, without any obligation on your part. We can assist businesses with a wide range of solutions, tailored to meet their particular needs and designed to help them manage risk and reduce cost.
Please contact Phil Austin, managing Director on:
- T: +44(0)20 7101 0788
- M: +44(0)7768 366 744