Managing the Multinational Corporation

Managing the Multinational
Corporation
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“Factors driving global virtual team delivering high performances”
Point of View-1
In today’s competitive business world, emerging multimedia, internet, group support systems
and collaborative software environments is creating new opportunities. It is due to forming of
global virtual teams (GVTs) within companies to remain competitive by working on complex
virtual projects. Managers face challenges such as communication while managing virtual
teams and maintaining high performances to reach success consisting cultural differences,
software, trust, collaboration, team cohesion, and environmental challenges (Johnston &
Rosin, 2011). It is essential to deliver high performances through enhancing global virtual
team with driving factors for accomplishing work. There is increment in technology,
globalization, and competition where training is one of the factors driving performance. The
model is created of three Ps consisting “Purpose, People, and Process, with Diversity &
Inclusion” as an overall framework to understand the success factors driving high-
performances by GVTs (Derven, 2020).
Hence, factors driving GVTs consists of valuing and understanding culture differences,
listening actively, broad use of leadership, and discovery and learning environment creation.
Also, these factors consider competencies of member, structure, communications, trust and
commitment, collaboration, and goals of GVT along with leadership skills, competencies,
and styles where workplace factors consists of functional, cultural and organisational
differences. Also, management consists of team, project, skills and knowledge, risk, and
information managements along with information communication technologies and
development tools, and external support and excellence standards (Nguyen, 2013). Thus,
there is a broad view while managing GVTs to result in high-performances through these
success or driving factors to improve sustainable development for long-term as well.
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