Collaboration is “the act of working together to produce something”.
It’s fundamentally about going outside your organization to get access to something without having to build it. There are also times when you might not be able to get what you need internally for regulatory reasons, or because the capability to become a customer is a self-defeating cycle if you’re just buying your own stuff.
When you collaborate with another organization, you should think about the gap you are trying to fill in terms of one of the following three things –
- Information – facts about something or someone.
- Knowledge – the theoretical or practical understanding of a subject.
- Capability – the power or ability to do something.
Once you define your need in one of these terms, you’re much more likely to make the right decision about whether you should collaborate, and then to find an efficient supplier of what you need.