They say teamwork is everything, but Canadian businesses are failing to meet the information sharing needs of employees, according to the latest Ipsos-Reid study.

Sponsored by Microsoft Canada, the Ipsos-Reid study found that 86 per cent of Canadian executives view effective teamwork as a critical

component to success. But, of those surveyed only 31 per cent rate their own company’s teamwork as very efficient.

In addition, only 34 per cent of company leaders strongly agreed that heir organization has the tools, software and technology in place to make teamwork as efficient as possible. However, those teams often need to pull information from diverse sources and make that information available in a controlled manner. One in three, about 34 per cent, said their employees do not have access to the internal information they need to make good, timely business decisions.

Other key findings in the study include:

Three out of four Canadian business leaders agree that their businesses are in need of tools that will allow them to securely share information with employees, customers, and partners to achieve greater efficiency (74 per cent) and help turn groups of people into more effective teams (72 per cent).

65 per cent of Canadian executives wish collaborating on documents and files were easier.

72 per cent of Canadian business leaders agree that they need tools that will help turn groups into more effective teams. One-in-three feels that their organization does not have the tools and resources in place for their employees to properly analyze and prioritize all of the info they receive.

70 per cent of Canadian executives agree that deploying software that standardizes workflow and business processes throughout their organization would make them more competitive.

76 per cent of company leaders say there is out-of-date information residing on their systems, and 31 per cent of those with out of date information say it is costing their organization lost revenue.

The poll is based on a randomly selected sample of 500 business decision-makers of mid-sized companies (100 to 500 employees). With a sample of this size, Ipsos-Reid said the results are considered accurate with within plus or minus 4.4 per cent, 19 times out of 20.

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