CIMA report stresses the value of social networks

Informal social networks are the key to successful collaboration, according to recent research by CIMA, while formal controls can impede good working relationships and stifle creativity.

The report, titled “Collaboration and Control: Managing Tensions in Competitive Inter-Organisational Relationships”, studied five UK independent publishing houses that collaborate on a range of activities, such as printing and warehousing, despite being competitors.

The report warns management accountants not to make too much use of formal controls, such as contracts, when working with industry rivals. Instead, they should use social networks to foster a sense of camaraderie in competitor alliances.

The full report can be found at www.cimaglobal.com/competitivetensions

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

Words

 
close

 

 

All future Financial Management online content will now be available through the FM app. Download the free app from the Apple App Store, Google Play or Amazon by searching for 'CIMA FM'.

Old issues will still be available in the archive.

  •  
  •  
  •