We are in the midst of a paradigm shift in the way businesses are organized. The traditional model of the integrated firm with its hierarchical supply chain is increasingly being replaced by business ecosystems, dynamic groups of largely independent partners that work together to deliver integrated products and services. The Era of Collaboration offers faster growth but comes with challenges to execute efficiently.
As business collaborations are at all-time high, shockingly only 15% of the business collaborations/ecosystems are sustainable (BCG 2020). Just to put a number to it, businesses incur $2 trillion annual losses due to ineffective implementation of business strategy through poor project management practices, ill-designed ecosystems and different incentives (financial & emotional) for different stakeholders (PMI 2018). Ultimately, 67% of CEOs admit siloed organization & departments as top barrier for successful collaboration (HBR 2018).
But there’s no denying the fact that despite the challenges and such low success rates, 90% of CEOs consider building an ecosystem business model important to seek new avenues for future growth (Accenture 2022). If executed efficiently, the ecosystem model has a potential to generate $100 Trillion over the next ten years (Accenture 2018) – but as fancy as it may sound, how do you cope up with such high failure rates?
With SOMA, we close the gap of missing evidence and understanding about the intangibles of collaboration to solve your productivity bottlenecks:
SOMA deploys a data-driven approach to improve your multi-stakeholder productivity, empowering you with a cohesive, AI-supported analysis that tells you where and how intangible dynamics, governance, and design need to be optimized at a glance.
Our tiered privacy model shows the right insights to the right audiences ensuring highest feedback accuracy while reducing unnecessary redundancies in the optimization processes.
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