Why do we need a Corporate Strategy Wiki?

Collaboration can be thought of as a series of conversations that help you reach a strategic goal. It involves gathering people, asking questions, collecting answers and ideas, surfacing information, getting feedback on interim deliverables, and the like. It is the way most work gets done.

As a collective, we've been collaborating for many years, but we've been doing it the hard way. Using today's familiar business tools - email with attached documents - collaboration has been slow, difficult and ineffective. Topics get fragmented across many places - individual emails, different versions of presentations, excel files and word documents - stored in different desktop applications, shared drives and content management systems. According to research firm IDC, employees spend up to 1/4 of their day looking for information. The cost of this unproductive time can be as much as 25% of your staff costs. And according to a 2008 IBM study of 400 human resources executives, only 13% of people can find someone with a particular area of expertise in their own company. This means the bulk of work doesn't leverage the specialized knowledge that exists right there in the company, because there is no good way to find it.

The video below, explores the way we've changed in how we find, store, create, critique, and share information. The video shows how far we've come with information sharing and highlights the skills needed in order to harness, evaluate, create and share information more effectively.

Open collaboration environments, based on wikis and other Web 2.0 technologies, are focused on solving these problems. But any collaboration approach will only addresses these problems to the extent it enables conversations to move quickly towards the goal while tapping the right people and surfacing the right information. With the right collaboration environment, group productivity and organizational effectiveness can be dramatically increased, and decision cycle times greatly reduced.

These results may be critical to survival in difficult economic times, and the right collaboration solution is the easiest, most cost effective way to achieve them.

With our secure Strategy Formulation wiki based tools, we offer our clients a purpose built collaboration environment to achieve optimized business results.