Assessment 2: Virtual Teams Advantages and Disadvantages Report
VerifiedAdded on 2023/01/18
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Report
AI Summary
This report examines the increasing popularity of virtual teams in the 21st century, highlighting their significance for companies in leveraging expertise across geographical boundaries. The report focuses on the advantages of virtual teams, such as cost savings, access to global talent, and reduced real estate expenses. It also addresses the disadvantages, including potential technological issues, cultural differences, and communication barriers. The report uses the case of ABC Company to illustrate the benefits of virtual teams, such as collaboration with international staff and investment in R&D. It then suggests strategies for overcoming the challenges, including the use of language translators and instant messaging to maintain consistent communication. The report references key studies and concludes with recommendations for effective virtual team management, with a focus on communication and collaboration to ensure successful outcomes.
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