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