Establishing Virtual Marketing Team for Company ABC
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Added on  2023/01/19
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This report discusses the advantages of establishing a virtual marketing team for Company ABC, including cost savings and leveraging global talent. It also addresses counterarguments and provides a rebuttal.
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1 Communication
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2 Table of Contents Introduction......................................................................................................................................3 Thesis Statement..............................................................................................................................3 Blueprint..........................................................................................................................................3 Argument.........................................................................................................................................3 Savings of costs...........................................................................................................................3 Leveraging global talent..............................................................................................................4 Other advantages.........................................................................................................................4 Counterargument.............................................................................................................................4 Rebuttal............................................................................................................................................4 Conclusion.......................................................................................................................................5 Reference List..................................................................................................................................6
3 Introduction Marketing is considered as the integral and significant component of every business. It is that division of an organisation which is used for designing strategies for promoting services and product with the primary objective of generation of consistent revenue streams during every fiscal year (Morgan, 2012). In the contemporary world of business, there is a consistent and constant competition between organisations for achieving a greater deal of brand loyalty and patronage from customers. Thesis Statement In my opinion as the Managing Director of the ABC Company, virtual marketing team establishment at Bangalore, Shanghai and LA would be more appropriate over continuing traditional face to face marketing at Melbourne. Blueprint The report would firstly state and explain all the arguments in favour of choosing virtual marketing team in company ABC, then it would emphasize on the counter arguments which are against the stated idea and finally rebuttals against the counter arguments have been explained. Argument A person who iscontractedfor providing support relatedto clericalaswellasproject management for the manager of the marketing department of a company of business organisation from a provided remote location is known as a virtual marketing assistant. Most of the modern business these days have been able to discover that having teams of virtual work force has been better for their overall budgets, as well as end products. Hence, modern businesses consider virtual marketing to be holistically better for their business performances. There are various advantages which favour the usage of virtual team within a business. Savings of costs One of the biggest advantages of having a virtual team enjoyed by business organisations is the savings of the overall costs that are associated (Rapp, et. al., 2010). The company ABC would be
4 able to co-operate well with big expenses such as the expenditure related to office space, real estate, utility bills etc. Leveraging global talent The Company ABC would be enabled to gather talents beyond Melbourne and Australia. Such an action would help the organisation by bringing together the specialist and experts from around the world for working together on a single work (Lin, et. al., 2010). When the human capital of a company shares its understanding of the local and global markets as well as understanding related to the best practices of business, it results in greater level of innovation and increased knowledge sharing within the organisation. Other advantages Developing virtual teams outside Melbourne would provide the company ABC with various other advantages such as increase productivity and increase in profits, openness to new and emerging opportunities and reduction in the time taken by ideas and products for reaching the market (Baruch and Lin, 2012). Counterargument In contrast to the above arguments in favour of establishing virtual teams outside Melbourne, there are some arguments which are against this opinion. It is because there are some huge disadvantages of establishing virtual teams for conducting marketing of a business. Technology cost- The efficiency in the usage of multiple Technologies of communication supports the successful work of the virtual marketing teams. Gaining complete support by the means of only a single tool is not possible. Risks- There are various risk which the company ABC my face while establishing virtual teams. Since the teams would belong from different locations the presence of cultural differences between them is obvious. This might lead to various risks such as lack of collaboration and trust and existence of conflicts (He and Thatchenkery, 2011). Rebuttal
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5 Even though the counter arguments which are against the idea of establishing virtual teams outside Melbourne, are quite impacting, the benefits of having these virtual teams in the marketing of company ABC is greater than that of the disadvantages. The costs once fulfilled would lead the organisation to earn higher level of profits which would subsequently pay off the costs. Risk such as conflicts, mistrust and lack of collaboration can be eradicated by the means of developing social interactions between the different teams. Hence, company ABC should opt for introducing a new virtual marketing team across Bangalore, Shanghai and Los Angeles. Conclusion It can be concluded from the above assessment that development of a virtual marketing team is one of the most advanced form of business management on international levels. Such a teamwork approach would help the company ABC in producing various opportunities like interaction establishment between colleagues from across the world in the real time and also utilisation of the lowest and best cost International talent which together would help the company introducing the costs of capital. However, such an approach also has its own in effectiveness sinceproductivityenhancementisdifficultandthecollaborativetechnologytendstobe confusing. The Managing Director of the company ABC would require to be aware of the risks related to search development as well as the opportunities.
6 Reference List Baruch, Y. and Lin, C.P., 2012. All for one, one for all: Coopetition and virtual team performance.Technological Forecasting and Social Change,79(6), pp.1155-1168. He, Z. and Thatchenkery, T., 2011. Understanding culture-specific leadership relationship in a multi-cultural virtual project team (MVPT): a case study.International Journal of Business and Globalisation,7(4), pp.446-458. Lin,C.P.,Wang,Y.J.,Tsai,Y.H.andHsu,Y.F.,2010.Perceivedjobeffectivenessin coopetition: A survey of virtual teams within business organizations.Computers in Human Behavior,26(6), pp.1598-1606. Morgan, N.A., 2012. Marketing and business performance.Journal of the Academy of Marketing Science,40(1), pp.102-119. Rapp, A., Ahearne, M., Mathieu, J. and Rapp, T., 2010. Managing sales teams in a virtual environment.International Journal of Research in Marketing,27(3), pp.213-224.