There are multiple misconceptions surrounding ‘Extended Enterprise’. In this article we are going to address them and help you understand Extended Enterprise and clear the misconceptions around it. There are many ways we can describe these.
An extended enterprise is a set of companies, which work together to bring value to the market. Organizations are supported and connected with each other, at times directly and sometimes indirectly. When one organization functions appropriately, the other organization flourishes because of the hard work put in by the previous one. This chain of dependency among organizations is called extended enterprise. Under this model, an organization is more than just a single body. External businesses are key contributors to the success of the organization. Therefore, they are considered extensions of the organization.
We all are well aware of the fact that the success of any business depends on its relationship with the third parties that extends beyond the physical and virtual boundaries of the organization. Extended Enterprise Management can assist in understanding the risks involved in the process and help in taking a more strategic approach towards risk management.
There are many LMSs available for extended enterprise training. The Extended Enterprise LMS reaches a large group audience with the help of the same platform and offers them specialized training. We have mentioned below some of the benefits of Extended Enterprise LMS.
Investing in an Extended Enterprise LMS would be a business-wise decision because this will be useful for your current LMS by supporting the external employees and customers to turn out to be more educated on products or services offered by your organization. The platform will help your organization grow business, save money, and make money.
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