Virtual Teams in Business

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Culture in virtual teamsFarrukh Javaid s541360 , Noella Dewah s538439.

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just to empower you with practical knowledge about the Virtual teams and cultural Backlash

Why????

Sometimes in your life you will be managing Virtual Teams

Virtual Teams

What are virtual Teams ?

“Teams which are spaced through time, space and organizations strengthened with sources of web communication tools”

Virtual Trend

Do you Dare to work in Virtual Teams ?

Get Ready and prepare?

2012 SHRM Survey”Multinational’s 66% more likely to Use V.T leaving 28 % U.S based , but this number is increasing.”

Business benefits

Why Multinational’s Opting Virtual teams

1. Increased productivity

2. Increased profits

3. Lower real estate costs

4. employers closer to customers

5. reduction in wage cost

6. flexible work initiatives

7. Beyond boundaries

8. beyond time e.g, working around the clock

9. Relatively cheaper communication methods like e.g, telecommunication, emails , vibers etc.

What is causing the change in europe?GDP(-)Inflation 2%Unemployment 10.6 %Trust level decreasing on Euro .Buying power is decreasing.Looking for Cheaper Options.FDI outward is 26.5 % increased since 2008.

What employees can offer you

1. 60% of teleworkers are less likely to look for

another job. --2008 Clean Air Campaign study

2. 87% of employees and managers agreed

telecommuters’ productivity improved or stayed

the same. --2008 Study by National Science Foundation

3. Teleworkers were more engaged and had more favorable opinions of senior management.

--2008 study of 10,000 workers by Kenexa Research

Institute

Culture in Virtual teams

Cultural IntelligenceSuccessful company leaders recognize that understanding and adapting to the cultural differences of employees, customers and suppliers is essential for business success.

Cultural diversityBy having a cultural diverse workforce, employees can gain new perspectives on business issues as well as in-depth understanding of diverse business environments.

Development Approaches

• Encouraging employees to learn about other cultures.

-Learning New Languages

-Trying New Food

-Interacting with people from different backgrounds

• Companies can also publish and distribute information on how business is conducted in different countries.

• Facial expression may have different meanings in cultures

• Bribery and Corruption

The L.E.A.R.N Strategy

L = listen to what other person is saying

E = Effectively communicate

A = Avoid ambiguity

R = Respect differences

N = No judgment

➔ learn the culture of those you are working with

➔ Learn the culture of your team members

Tools

● Online tools can help employees identify their own cultural preferences.

● Mentoring and coaching can also prepare employees to adapt quickly to a new culture.

Company culture.

Newly recruited employees should be though the cultures of the company

My Team is Getting me Heavy profits…….

“I would See and meet them one Day”

I am Doomed , My virtual team is Failing and Costs are Increasing

I Must Meet

them , But i

Can’t Go .

What Should

I do ………….

…how do I know you’re working?

The average office worker wastes 1.7 hours/ day surfing the internet, socializing with co-workers, tending to personal business, and running errands.

Why?

Not enough work: 17.7%

Hours too long: 13.9%

Underpaid: 11.8%

Lack of challenging work: 11.1%

How to Manage Virtual teams ?

Manage Virtual Teams if You go global……?

Killer Techniques to Kill 5 Killers

Lack of Face to Face Conversation:

Lack of Social Interaction:

Lack of Trust :

Cultural Clashes :

Loss of Team Spirit :

Give Interdependent Goals to achieve

Increase in social interactions, specific social time in time zones

Awareness of others’s achievements

Build a team Profile,Sharing Cultural Customs

Individual Goals are turned to Team Goals.

High performance Virtual team

How to do it ?

Hire the “right people”

+ Create a common thread based on a singular mission

+ Adopt a common view of group and individual expectations

+ Empower the individuals AND the group

+ Encourage individual and collective communications

+ Foster adoption of a spirit of trust

____________________________________________= Highly Successful, Productive, and Effective Virtual Teams

Virtual team Busted

Sun Microsystems

Open Work: a network of people, places and technologies started in 1995

1. 56% of their employees work remotely at least 2 days/week

2. $387 million saved over six years in real estate and utility costs

3. 60% of the time employees used to spend communicating, they now spend

working

4. 85% of employees say they’d recommend Sun as an employer

5. $1700 in fuel costs is saved annually by the average employee telecommuting

2.5 days per week

6. Telecommuters score higher on performance ratings than their on-site

counterparts

7. Lower turnover, higher employee satisfaction ratings

Certified Successful

Discussion

1. What do you think about the future of Virtual

Teams hold for New Born companies.?

2. Does the negative Aspects outweighs the Positive

Benefits of Virtual Teams ?

sources

• http://smallbusiness.chron.com/companies-culture-adaptation-66259.html• http://www.youtube.com/watch?v=7fUYsepiI2c

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Vielen Dank für Ihre Aufmerksamkeit!