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Business Decision Analytics for Virtual Teams: Scenarios A and B

   

Added on  2023-04-25

16 Pages3625 Words284 Views
Data Science and Big DataMaterials Science and Engineering
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Business Decision Analytics for Virtual Teams: Scenarios A and B_1

1
Executive Summary
Many companies in the fast-changing world of business are implementing various innovative
techniques for holding their market position and also for overcoming the issues of globalization.
So the virtual teams have been created as they are advantageous for the companies. These teams
do not work face-to-face and operate in a network which supports their communication and their
physical existence with the help of technology and group memberships. The report is based on
two scenarios, Scenario A and Scenario B. The first scenario is about the clustering methods for
selecting the key members of R, D & D to attend the meeting. The second scenario is about the
use of Leximancer concept map which will discuss about the decision-making process of the
managers. Both the scenarios will describe about those concepts which are helpful for the firms.
The report discusses about the business decision analytics which influences the decisions of the
firms.
Table of Contents
Business Decision Analytics for Virtual Teams: Scenarios A and B_2

2
Introduction...............................................................................................................................................3
Main Context.............................................................................................................................................3
Discussion of Scenario A.......................................................................................................................3
Discussion of Scenario B.......................................................................................................................6
Recommendations.....................................................................................................................................9
Conclusion................................................................................................................................................10
References................................................................................................................................................11
Appendices...............................................................................................................................................13
Business Decision Analytics for Virtual Teams: Scenarios A and B_3

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Introduction
In the fast-changing world of business, the work atmosphere is continuously changing
and the organizations are implementing various innovative techniques to bring together various
groups of people. Forming virtual teams is one of the techniques the firms have implemented to
reduce globalization. These teams do not work face-to-face and operate in a network which
supports their communication and their physical existence with the help of technology and group
memberships. The report will analyze two scenarios, Scenario A and Scenario B. It will also
discuss about different decision-making tools and techniques that will be used by the managers
of the firms.
Main Context
Discussion of Scenario A
This scenario has been set in a mid-sized firm of Australia where there are 800
employees working for the firm. 80 employees out of 800 employees are engaged with the works
of research, development, and design (R, D & D) (Abdel-Maksoud, Elmogy & Al-Awadi, 2015).
The firm is extremely eager for identifying the innovative and creative competencies of the
employees those who are engaged in R, D & D works and utilize their skills for distinguishing its
business from its competitors. The firm has made plans for a project for conducting a research
on the innovative and creative competencies of the employees those who are engaged in R, D &
D works which have been held weakly by the R, D & D employees as well as in their
unstructured communication.
It has been observed that if the communication through emails among the employees of
R, D &D could be accessed, then it would be the best way to access the implicit data and convert
them into knowledge. For a period of one week, the emails, of the employees engaged in R, D &
D works, their rates and direction of connectivity has been observed accordingly (Aguwa, Olya
& Monplaisir, 2017). The outcomes of the audit of research have been accessible on the attached
map of R, D & D which has been made based on the unstructured data and has been available in
the emails.
Data of Scenario A
Business Decision Analytics for Virtual Teams: Scenarios A and B_4

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