WALLDORF — Three out of four (74 percent) best-managed companies — classified as “Digital Winners” — facilitate collaboration in the workplace, a new study by SAP SE (NYSE: SAP) and Oxford Economics shows.
Titled “Getting Collaboration Right,” the study examines collaboration traits of the world’s most digitally savvy leaders.
The report, part of the Leaders 2020 study, which included analysis from a survey of 4,100 executives and employees around the world, shows that the world’s highest-performing companies have distinct collaboration habits and best practices. Specifically, Digital Winners:
- Believe teamwork starts at the top: They are more likely to say that management is highly proficient at facilitating collaboration inside and outside of their organization. Nearly three-quarters (74 percent) of top performers are more focused on improving management’s collaboration skills.
- Invest in a collaborative culture: Digital Winners are changing decision-making processes to build partnerships and teamwork. Digital Winners are significantly more likely — by 20 percentage points — to say decision making is distributed across the organization.
- Maximize use of collaboration platforms: More than two-thirds (68 percent) use collaboration platforms to evaluate employee wants and needs.
- Consider collaboration an employee benefit: The most satisfied employees work at companies that embrace collaboration. Sixty-two percent of satisfied employees believe that their manager is proficient in collaboration, compared with 36 percent of dissatisfied employees. Sixty percent of very satisfied employees report that their organization provides technology to facilitate collaboration, compared with only 32 percent of dissatisfied employees.
“Companies need modern collaboration strategies to get full value from technology,” said Adrianna Gregory, associate editor at Oxford Economics. “Our research shows that leadership at most companies has room for improvement when it comes to facilitating teamwork and distributing knowledge and power across the organization.”
Anthony Leaper, senior vice president, Enterprise Social Software, SAP, said: “Companies who embrace digital transformation understand that strong financial performance is connected with sound collaboration practices. Organizations need to recognize that effective collaboration is not just a nice-to-have; it equates to bottom-line results.”
For more information on how to be a Digital Winner through improved collaboration, visit “Getting Collaboration Right.” Plus, to discover how your organization compares to the Digital Winners and others in your industry, region, function and company size, take the Leaders 2020 Benchmarking Survey here.
Fiona Ashby, +44 (0)7775 011 910, firstname.lastname@example.org, GMT
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