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: This is defined as the network of the different peoples, different businesses, different groups, which are diverse in nature, diverse in culture, diverse in occupation, and geographically distributed. All these diverse people/group/businesses are connected with each other in the form of one network. This is known as collaborative network. Hence this network forms a large group of people connected together. This collaborative network can be used to achieve the common goal or help/ support each other to achieve a common business objective. Thus the collaborative network is a group of people which can be useful for the enterprises business as it can support the enterprise marketing and promotion in the market. This large group will help to generate consumers for the enterprise business.

Following are the three key advantages of collaborative network to enterprises as below