How can businesses ensure that cross-departmental collaboration leads to innovation and competitive advantage in the market?

Competitive Advantage
Businesses can ensure that cross-departmental collaboration leads to innovation and competitive advantage in the market by fostering a culture of open communication and teamwork among different departments. They can also establish clear goals and objectives for collaboration, ensuring that all departments are aligned towards a common purpose. Additionally, providing resources and support for cross-departmental initiatives, such as training and technology tools, can help facilitate collaboration and drive innovation. Regular feedback and evaluation of collaborative efforts can also help identify areas for improvement and ensure that the business stays competitive in the market.