You are the content you publish.
Sign up with Facebook
Sign up with Twitter
I don't have a Facebook or a Twitter account
Start a free trial of Scoop.it Business
In this regard extended enterprises that show the remarkable ability to use collaboration to drive innovation are ahead of the curve and will be rewarded with market leadership.
Businesses can no longer work in isolation. Their success is dependent on a strong network of partners. The name “extended enterprise” was coined in the 1990s at the Chrysler Corporation to explain the necessity for a collaborative relationship between supply chain members and focus attention on the competitive advantages the company felt could be gained when suppliers become partners. But the value of extended enterprise has taken a new meaning in today's times. Apple, J&J and P&G are among the top companies which have utilized the inter-company collaboration to enable continuous innovation processes. These have drawn together diverse organizations that have skill sets, domain knowledge, intellectual property, and other assets required to quickly solve a given problem or seize a fast-developing opportunity. In this hyper-competitive globalized econonmy, extended enterprise is a way forward to drive innovation.
Check out the Extended Enterprise Keynote slide at http://www.muezart.com/keynote-slide-extended-enterprise.html to present the concept to your management.