However, during a crisis like the one we are currently living through, collaborating effectively can be a key differentiator from your competition.
A study published in the Harvard Business Review (HBR) collected ten years of data to study the link between collaboration and financial performance across dozens of professional service firms, financial institutions, and health care organizations, starting from the 2007-2008 financial crisis. The results showed that organizations with the most highly collaborative workers grew their business during the crisis. The business of the middle group declined slightly, and the least collaborative companies suffered lost revenue which still hadn’t been recovered five years after the recession ended.
Your staff may be willing to work better together, but they must have the right tools to enable them to collaborate effectively. Microsoft Teams brings together the full breadth and depth of Office 365 to provide a true chat-based hub for teamwork while providing you with the opportunity to create a more open, fluid digital environment.
Microsoft Teams is built on existing Microsoft technologies woven together to ensure the highest productivity for your staff.
The HBR report concludes that “by promoting cross-silo collaboration, your organization is more likely to survive the current hard times and thrive when they’re over.”
 7 Strategies for Promoting Collaboration in a Crisis, by Heidi K. Gardner and Ivan Matviak, Harvard Business Review, July 8, 2020