Research has shown collaborative relationships can be more successful than typical client-supplier ones and working to the principles of BS 11000-1 may help organizations to achieve this.
Collaboration can make you more competitive, by helping you achieve better cost management, better resource and risk management, and fostering innovation.
With more organizations collaborating together, effective partnering may help companies deliver on contracts and set them apart from the competition.
BS 11000-1 is a new British Standard that provides a strategic framework to build collaborative relationships with other organizations. It addresses the requirements for collaborative relationships to ensure they are effective, optimized and deliver enhanced benefit to the stakeholders.
It can help you to share knowledge, skills and resources effectively, to meet mutual goals.
Over time, the standard can help build trust between your organization and its partners. This in turn will help:
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•Increase your joint efficiency
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•Enhance transparency and openness,
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•Strengthen your ability to challenge and innovate
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•Understand each other’s governance and assurance processes
Leading organizations are already adopting the standard, and realizing these benefits. Is it time your organization started to collaborate?
Collaborative approaches have been shown to deliver a wide range of benefits, which enhance competitiveness and performance (for example, better cost management, improved time, improved resource and risk management and delivering incremental business value and innovation). Compliance with this British Standard will help enable collaborative partners to effectively share knowledge, skills and resources to meet mutually defined objectives and to provide new levels of value creation.
Contents of BS 11000-1 include:
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•Scope
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•Terms and definitions
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•Awareness
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•Knowledge
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•Internal assessment
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•Partner selection
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•Working together
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•Value creation
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•Staying together
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•Exit strategy
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•Assessment checklist
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•Relationship management plan
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•Competencies and behaviours
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•Relationship maturity matrix
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