Chapter 16, Problem 5MBD

Explanation of Solution

Gaining Efficiency with Collaboration:

• Companies are increasingly embracing collaboration as part of their strategy focused on growth. People, process, and technology are combined that helps in extracting greater business gains in a shorter span of time.
• Competitive edge can be gained by the companies which figure out the ways to use Information Technology (IT) like E-mail, ERP systems, etc. Companies can make extreme improvements in their by using this technology.
• The successful adoption of new processes enables companies to
  • Move faster
  • Extract from a deeper information base
  • Take better decisions
  • Operate across time and distance constraints more effectively...