Emotional intelligence and high Virtual team performance
Background
The contemporary business environment is competitive just as much as I is creative in nature. The globalization and its influences have pushed the business environment to greater heights as compared to the prevailing levels two decades ago. Information technology has led to a market environment that is both advanced and dynamic at the same time. The trends that may be a preference of many in a given year may seem useless and rendered inapplicable in the next year. This means that any business that has to keep in touch with the customers and remain relevant in the ever changing environment has to ensure it keep reinventing itself in line with the changing environment (Mattsson L., 2003). Major international businesses that have remained stagnated have been cut down in terms of profitability, and others closed down all together.
There are significant examples of businesses that ignored the virtual team and hence went under or are expected to close their doors despite having been around for a long period of time. A good example is the shocking announcement by SEARS that they will be closing down shop. SEARS failed to realize that the digital platform has revolutionized trade. In the contemporary environment, the customers do not walk into the store and then start deciding what they need from looking at the massive shelves surround them, but they do online enquiries and even price comparisons before they walk straight to the store that they have made up their minds about and straight to the product they have made enquiry about and have knowledge about. Yet another company is Toys R Us. They are facing an almost certain demise from the business environment and part of the reasons is them ignoring the digital platform and disregarding having a strong virtual team that works for them (Kyte K., 2018).
With the knowledge that the contemporary trends have a great part to contribute in the stability of businesses, the human resource is a key aspect to consider and how this changes over time. For multinational corporations and businesses that have branches in different parts of the US, the human recourses...
Virtual Teams in Organization Research Questions The fundamental research question is to examine the deliberations, advantages, and disadvantages of virtual teams in organizations. Deliberations in this regard take into account a question on the manner in which members of virtual teams deem altering their activities and behaviors so as to operate efficaciously. The fundamental research question is followed by sub-research questions: 1. What are the most idea practices and implements employed in virtual
Articles Compared The author of this brief report has been tasked with comparing and contrasting two articles that are about the same subject. The general topic that is in question would be virtual teams. The drill-down sub-topic that will be the focus of this report will be the traits, norms, values and patterns of people and how this leads to alignment or discord in virtual teams. One of the two articles
The U.S., Army Logistics Network has defined specific pricing and costing levels by rank, and strives to push accountability and responsibility as far down the chain of command as possible. As nearly every officer who acts as a buyer within the purchasing and procurement teams has been trained on the fundamentals of accrual-based costing, cost-based accounting, supplier management and supply chain planning, each is given a set of metrics
Team Norms," author Karten (2003) discussed the importance of social norms in improving performance in teams within a business organization. Technically, Karten defined it as a concept "that concern(s) how team members will interact, communicate, and conduct themselves as members of the team" (par. 1). Moreover, team norms are reinforced primarily in groups with specific characteristics, such as those who are known to have high perceived social cohesion and
Lipnack & Stamps (1999) conducted a study in which they examined the emergence of virtual teams as a new modality for working. The study was carried out on the premise that the emergence of the Information Age has contributed to the advent of a working culture where people must no longer be in the same location in order to work together. The Information Age is characterized by the development and
International Management: Managing Global Virtual Teams The global fiber optic network and the internet have played a key role in the development of long-distance communication, which has facilitated work interactions among people from all over the world. It offers global platforms through which people can, at the touch of a button, share work and knowledge, compete, play and collaborate with colleagues across national borders. The creation of virtual teams is one
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