How can companies effectively balance the need for cross-departmental collaboration and innovation with the potential challenges of differing departmental priorities and goals, and what strategies can be implemented to ensure alignment and cohesion across all teams?

Companies can effectively balance the need for cross-departmental collaboration and innovation by fostering a culture of open communication and transparency. Setting clear goals and objectives that align with the overall company mission can help ensure that all departments are working towards a common purpose. Implementing regular cross-functional team meetings, joint projects, and training sessions can also help break down silos and encourage collaboration. Additionally, creating incentives and rewards for teamwork and collaboration can motivate employees to work together towards shared goals.