Week 3 Research Paper Example | Topics and Well Written Essays - 500 words - 1

Week 3 - Research Paper Example In order to achieve this, the above mentioned functional areas must collaborate and come up with an action plan to implement the collaboration process. The first step of the collaboration process is for the purchase department to provide a list of the purchases they intend to make and how much each is going to cost. This list is taken to the accounting department which authorizes release of the expense money. Once the goods are brought and inventory is done, sales department takes over the day and turn over the money at the end of the day for the accounting department to calculate. The marketing team comes up with strategies to increase customer base and maintain the present customers and this strategies are presented to the accounting department once approved by the management for funding. In order for the above process to run smoothly, they need to have an action plan which should run for several months and if successful, should be implemented. The action plan will involve majorly the accounting, marketing and sales departments. This is because they are important in revenue generation to run the collaboration process. The marketing department will come up with advertisements of discounts, sales coupons and even points that can be redeemed depending on the purchase made. The account department will release funding for this marketing and finally the sales department will handle the discounts, point redemption and sales coupons. The success of this action plan will not only bring in more clients, but will also increase profits for the running of the collaboration process. Lateral collaboration happens among people of the same level at work while vertical collaboration is between employers and employees (Bryson, 2011). In Kudler Fine Foods, lateral collaboration is employed majorly in the kitchen department where the chefs hired share their recipes with the other chefs in the various Kudler stores. This is in order to avoid