Tyler ReedYoung Entrepreneur & Speaker

Enterprise 2.0? Yes, it’s another buzz word. Although this buzz word carries some weight. So what exactly is Enterprise 2.0? In layman’s terms, Enterprise 2.0 is the use of social software and it’s principles in the business environment.

5 Reasons Why Your Business Should Use Enterprise 2.0?

• Improve internal communication throughout the organisation.
• Improve work efficiency and productivity.
• Encourage collaboration between peers.
• Streamline collaboration.
• Harness the collective knowledge of employees.

4 Areas Enterprise 2.0 Deals With

• Communication
  Internally with employees, co-workers, managers, between departments, etc. Externally with customers and suppliers.
• Collaboration
  Between co-workers and all departments. The better the collaboration is, the more efficiently the business can operate.
• Innovation
  Everyone in your company contributes to your product / service (indirectly and directly). They all have ideas, potentially great ones. You need to give them a means of expressing them.
• Knowledge management
  The more employees your company has the more knowledge it has at its disposal. Managing this knowledge in the right way can benefit a company tremendously.

The ways in which Enterprise 2.0 can benefit a company (internally and externally) are creatively endless. No matter how big or small your business is, Enterprise 2.0 can make a big difference if applied and managed correctly. I personally believe Enterprise 2.0 is about utilizing the wealth of knowledge of all employees to better the business. Communication, collaboration and collective intelligence. Use it, don’t use it. The choice is yours.