An example shows that collaborative network brings sustained

An example shows that collaborative network brings sustained competitive advantage to the enterprise. This example comes from a listed company. Moreover, pointing out three advantages that collaborative networks bring to the enterprise. (300 words)

Solution

Collaborative network:

The terminology collaborative network represents a promising structure in a knowledge-oriented society. A myriad variety of collaborative networks have emerged during the last decade as a result of the rapidly growing challenges in business operations and the society. The successful implementation of the collaborative network has a great potential to a wide range of benefits to the involved elements such as:

The term collaborative network is an integration of four key attributes:

i.A group of individuals share information/data about their experience with the use of a certain tool.

ii.They can all benefit from the KT (knowledge transfer) session, but there is not necessarily any common goal.

iii.Therefore, there is no common generation of value

i.Information exchange

ii.Synchronization of process/ activities

iii.Sharing resources capability

The collaborative network incorporates a variety of entities that are largely autonomous, distributed regionally, and heterogeneous in terms of their operating environment such as culture, social capital and goals. However, that collaborates together intuitively to achieve common or tangible goals, and vitally, interactions are supported by latest technologies.

In a sustainable collaborative network structure there is a combined collaboration of many entities such as agribusiness, transportation systems, energy, chemical and fertilizers, ICT & semiconductor, healthcare & pharmaceutical, retail, electronic & consumer appliances, and many more.

Example:

i.Environmental friendly

ii.Healthy for humans and animals    

iii.Provides appropriate wages to farmers

iv.Enhances the rural outfit