Trends in Global Business Environment

Running head: TRENDS IN GLOBAL BUSINESS ENVIRONMENT
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Trends in global business environment
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TRENDS IN GLOBAL BUSINESS ENVIRONMENT 2
Introduction
With global changes in the environment within which businesses operate, various
organizations in Australia are responding to these changes in order to remain relevant in the
market (Hamilton and Webster, 2015, pp. 72). Most organizations are keen to incorporate the
changes in their mode of operations to cater for the issues addressed by such global
environmental variations. In order to be successful, businesses are keen in identifying a number
of issues resulting from environmental changes to align themselves to new ideas of conducting
organizational activities with an aim of establishing and sustaining a competitive advantage in
the market (Botha et al., 2014, pp. 31).
As a result of the changes, a number of issues are emerging pertaining the way
organizations are carrying out their daily operations. The most crucial issue addressed by the
dynamic business environment is the employee collaboration at the workplace (Tyler and Blader,
2013, pp. 53). Therefore, the paper covers the essential issue of teamwork at the workplace by
focusing on various pertinent questions surrounding the concept of collaboration in the
contemporary world of business.
What is collaboration in a workplace?
Collaboration at a workplace can be defined as a group of employees working together as
a team with an aim of pursuing common organizational goals.
What is the importance of collaboration in a workplace?
Due to rapid changes in the global business environment, the issue of employees’
collaboration at a workplace is taking centre stage (Hamilton and Webster, 2015, pp. 72). Hence,
most companies are paying much attention to how to apply the concept of teamwork in

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enhancing their daily operations. Therefore, working as a team is important in many ways as the
organization strives to maintain its position in the Australian competitive business environment.
Teamwork within an organization helps the employees to undertake a particular activity
or project faster and efficiently. Due to the technological advancements, employees within an
organization can collaborate virtually with other colleagues through technology-enabled means
and seek assistance on how to do something (Turner, 2014, pp. 106). When an employee is faced
with a certain task to do, he/she can easily consult with other coworkers who will help in solving
it effectively and within less time. Therefore, a collaboration between employees helps in solving
a certain task quickly and efficiently thus enhancing organizational operations.
There has been increased competition in the Australian business market. Consequently,
most businesses are looking for various ideas from their rival businesses with an aim of
enhancing and improving their operations to counter competition posed. As a result of shared
business ideas, companies in Australia are striving to encourage collaboration as a way of
creating value and enhancing productivity to help organizations compete in the global economy
(Adekola and Sergi, 2016, pp. 163). Therefore, teamwork helps in improving and increasing
productivity to enable an organization remain relevant in the competitive global economy.
Motivation is derived from the employee’s responsibility to perform his/her duties for the
organization. Once an employee is able to tackle a certain task, he/she feels motivated and ready
to work more for the organization. Through collaboration and sharing, employees are
empowered to consult on how to any task assigned to them. Therefore, all the organizational
tasks are possible once the employees accomplish a certain task since they feel motivated to
handle even bigger tasks thus ensuring organization’s success in the market (Cascio, 2018, pp.
80).

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With technological advancements and increased innovation witnessed in Australia,
companies are capitalizing on collaboration to counter the threat posed by the increased
technology-based business processes. The increased technology and innovation are impacting
heavily on the businesses' ways of operating. Such business is bound to embrace teamwork in
solving problems encountered by employees with little knowledge on handling such technologies
(Botha et al., 2014, pp. 31). Therefore, collaboration at a workplace is bringing together a team
of employees with various knowledge and skills to help each other in solving a rather
complicated task.
When team spirit is common in an organization, there is increased efficiency and job
satisfaction. Teamwork helps the employees add more value and meaning on the way they
perceive their work (Johnstone, 2014, pp. 18). Collaboration helps in creating a pool of talent
with more experienced, able and competent people. By doing so, experienced and strong
collaborators help in sharpening the skills of less experienced employees for the purpose of
accomplishing a certain task. Therefore, when employees work as a group and achieve
something, there is shared victory and team spirit helping the employees feel good and more
likely to continue working for the organization.
What are the main resources needed to support collaboration in a workplace?
Just like any other organizational activity, collaboration at a workplace is a process with a
noticeable number of requirements including the key players, procedural resources and
investment. For employees to work as a team, an organization needs a strong leadership to
oversee the proper use of informational, social and personal collaboration resources (Lasserre,