MNG81001 Management Communication: Enhancing Virtual Team Performance
VerifiedAdded on 2023/06/09
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Report
AI Summary
This report examines the concept of virtual teams, defined as groups of individuals working on the same project or within the same organization but from different locations, relying on technology for communication. It highlights the advantages of virtual teams, including cost savings through outsourcing, access to a wider talent pool, increased knowledge sharing, and reduced product development time due to round-the-clock availability. The report also addresses the positive aspects of virtual teams, such as fostering innovation, enhancing employee loyalty, and reducing overhead costs. However, it also acknowledges the disadvantages, primarily communication inefficiencies and the potential for project failure due to unskilled team members. The report concludes by emphasizing that effectively navigating these disadvantages can lead to improved product and service delivery and increased responsiveness to customer needs, recommending selecting technology based on member competence, providing performance feedback, and ensuring proper training to improve virtual team effectiveness. The assignment includes a persuasive memo and PowerPoint slides, addressing the challenges and opportunities of building a virtual marketing team across different time zones.
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