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Factors Contributing to Success and Failure of Global Virtual Teams

   

Added on  2023-06-04

10 Pages2574 Words156 Views
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Task 3 Individual
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Factors Contributing to Success and Failure of Global Virtual Teams_1

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 3............................................................................................................................................1
Importance of Global virtual Team........................................................................................1
Critically discuss the failure and success of the global virtual team......................................2
Implementation of Tuckman Theory......................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
Factors Contributing to Success and Failure of Global Virtual Teams_2

INTRODUCTION
International Management basically comprises of different process and procedures which
are basically undertaken for the objective to manage the different operations on international
level. In case of companies, who are basically serving various markets in more than one country
generally requires various strategies for their sustainability. It is very important for them to adapt
different global phenomenon for interconnecting themselves with various types of Culture where
they run their operations. The present report will pay emphasis on the influence of factors which
contributes in global virtual teams, success and failure of global virtual team and implementation
of the Tuckman Theory.
MAIN BODY
TASK 3
Importance of Global virtual Team
In case of companies, they can basically maximise their resources with the support and
help from the global virtual teams. In addition to that, it also helps in increasing the overall
productivity of the workforce through offering them technological support (Agarwal, 2021).
Through establishment of virtual teams, the issues related to time and distance barriers could be
easily eliminated and reduced. For example, companies like Tesco and Unilever could easily
maintain their presence on different digital platforms in order to maintain coordination among
staff and employees. At the time of Covid 19 Pandemic, the companies faced issues and
problems when it comes to interacting with each other due to lock down imposed. In addition to
that, it is also affected highly due to productivity and revenue generation which could be easily
reduced through development of global virtual teams. For example, the Unilever shares
important information and related ideas through arranging and carrying out meetings over virtual
platforms which basically helps in ensuring growth. It also contributes towards promoting
company’s operations in a effective and faster manner through maintaining their accuracy in a
manner(Cai and Lo, 2020).
Also, the staff members feel highly satisfied due to effective presence of 24*7 support and
guidance through virtual connectivity. In addition to that, it helps a lot in overall improvement of
the retention rate of the staff members which plays a very important role in providing benefits to
1
Factors Contributing to Success and Failure of Global Virtual Teams_3

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