Exploring the Types of Business Collaboration (+Examples)

Exploring the Types of Business Collaboration (+Examples)

Collaborating with other businesses can provide access to new resources and innovative ideas, enhance market reach, and streamline project delivery. There are different types of business collaborations including network collaborations, strategic alliances, community collaborations, coopetition, ecosystems, and portfolio collaborations. To choose the best type of collaboration, businesses need to establish well-defined goals, assess the strengths and weaknesses of each other, understand the outcomes, and determine if their products, services, cultures, and decision-making tendencies align. Simple examples of business collaborations include cross-promotion, cloud collaboration, and co-hosting/sponsoring events.