1 What is virtual management and discuss types of Virtual o

1 - What is virtual management and discuss types of Virtual organization. 2 - Give a suitable approach with example for adopting a Make or Buy decision. 3 - Explain the significance of new fundamental requirements for competitiveness. Agility Distributiveness Virtuality Integratibility Scalability and business alignment Evolutionary cap ability

Solution

Virtual cultures can be built around very simple concepts, no physical existences by the employee but get connect through software.  No boundaries between the firm and its customer. Everyone in the firm participates in innovation  and creative processes, knowledge is the firm’s most valuable assets; continuous learning equals continuous value adding.

There are seven types of virtual organization. There are

Product Development:  This of type of virtual team has no fixed membership,but clear boundaries, a defined customer, and a clear mission.  Longer term team task is non routine. Team has decision making authority.

Network: This of type of virtual team ,Team Membership also  no fixed team members, come and go as per their needed.  This type of organization doesn’t no about the boundaries and organization.

Parallel : This of type of virtual team, team works in short term to develop recommendations for an improvement in a process or system.

Work or  production:  This of type of virtual team, member perform regular and ongoing work, usually in one functional area.

Service:This of type of virtual team, supports ongoing customers. High network activity.

Management: This of type of virtual team, Works on a regular basis to lead corporate activities.

Action: This of type of virtual team, it deals with immediate action, usually in an emergency situation.     

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