Collaboration is often the factor that makes or breaks a company. Good teams are a powerful resource for success in a competitive market, where bad teams can drag an entire business down. Fostering great teams is far from simple, however. In this episode of Collaboration NOW, host Donny Deutsch asks corporate leaders how collaboration encourages healthy competition, and the traits of the most successful groups.
Experts say collaborative models are dynamic, ever-changing with the market. Knowing this, they offer insight into how competitive teams can adapt to the oft topsy-turvy economic world we live in. Harnessing the power of collaboration can have huge rewards: One example used by the program is the ambitious Ansari X prize for private spaceflight. This and more is offered along with tips and techniques to show viewers what collaboration can accomplish.