Managing and Working in a Virtual team Case Study

Managing and Working in a Virtual team - Case Study Example gain and maintain the trust of his or her charges, they must understand that trust depends on reliability, in virtual relations because there is usually limited personal interaction between members of a team. This eliminates chances of meeting and evaluating an individual’s potential or level of reliability. The only means to achieve this is to make sure that, as a team leader, you show team members that you are a reliable person by delivering on your responsibilities in time and in a competent manner, which serves as an example to the rest of the team. This will demonstrate to the members the level of quality of work expected of them, and this makes the team members respect and trust their virtual team leader (Lepsinger & DeRosa, 2010). Team leaders should establish guidelines in communication, which account for the differences in time zones, cultural and geographical variations between members. They can also specify the type of medium to be used when communicating to help av oid incompatibility and confusion when a meeting is about to begin. When considering how to enhance communication efficiency in a virtual team, a leader can consider creating team agreements on how and when to communicate across different time zones, team leader visits to the different members which helps establish engagements and trust by meeting the team leader face to face. A leader in a globally diversified team should formalize roles and duties of each team member starting with their own because this is the only way to ensure that the members have a clearly defined direction, which removes ambiguity in the roles that each member plays (Lepsinger & DeRosa, 2010). Staff changes on a virtual team can happen at any stage in the execution of a project, and how fast and effectively a new member is recruited and integrated into the team determines the successful completion of the project (Lepsinger & DeRosa, 2010). Integrating a new member, in the team, requires that the individual be

Analysis of British Telecommunication :: GCSE Business Management Studies Essays

Business at Work Task 1: Introduction BT plc is British Telecommunication public limited companies (plc) registered in England Wales, with listings on the London & New York stock exchanges. The Business is well-known providers of telecommunications services and solutions for everybody in the UK. This business exists to supply telecommunications services, products and services, and IT solutions to corporate and residential customers. BT's Group plan is to increase the value for shareholders by increasing their performance rate by satisfying the customer’s want or needs and for corporate customers in Europe, achieving global reach through partnership which have the same motive of running the business, BT itself consists mainly of four lines of business: BT Retail, BT Wholesale, and BT Global Services and BT Open world. They focus on considered priorities to make a better world’s as a public limited company wants to deliver the uppermost levels of customer satisfaction performance and reduce the number of displeased customers each year which they've established a strategic target to do better than their competitors consistently and reduce the number of dissatisfied customers by 25% each year. BT wants to accomplish untreated gainful revenue growth, while constraining capital expenses enabling the company to be more financially controlled over the incoming / outgoing of cash flow. It also wishes to put broadband at the heart of BT, expand the market for broadband services so in the future the increasing of the usage of Broadband which will allow the BT to add value to the BT trademark. BT wants to find and provide solutions and other value-added services such as growing of BT’s brand by using different other pricing strategies of the product or services provided with the BT brand. As a well known business its aim is to place all UK networks under a single running structure and to control investment in charitable donations and data platforms, while transferring operations to new platforms. To use the strength of the BT brand to move into broadband services for consumers and also into connected markets, such as communications solutions and business mobility services for main business customers and information and finally to use different various combination of skilled and motivated people. From these objectives it indicates that the company wants to profit maximise by increasing market shares which has a big influence on profit. They want to expand their ability to reach into every home mainly in the United Kingdom. How successfully the business is meeting its objectives: The corporation known as BT plc it self is successful which is in fact meeting its objectives by the increase of the service given to other businesses and residential customers. Not only have they focused on

Operation Management Essay

Hard Rock uses these ten critical decisions of operational management; â€Å"Service and product design, Quality management, Process and capacity design, Location, Layout design/Job design, Supply-chain management, Inventory management, Scheduling and Maintenance†. These practices give the Hard Rock Cafe an edge in meeting new and growing needs of the restaurant, and entertainment industry. The service and product design Hard Rock sells is not just food, it’s a statement and a storied culture that has changed with time as we do as people. The â€Å"living on the edge† crowd of the 1980s can still live a little on the edge today in a Hard Rock restaurant, casino or even in a rock concert. The company is selling the feeling of still being a rebel. Hard Rock Cafe has grown into a successful industry that was once limited to a twenty something budget to grow with the wallets of the generation that gave birth to it. The quality management has been a key factor providing an environment that people want to continue to come back to. High quality products such as gourmet food, quality merchandise, and excellent service have kept the Hard Rock from dying. The individual sight managers alongside with the overall operation managers are responsible for maintaining the high quality products and environment that people expect to find there. Hard Rocks process and capacity design along with location selection are chosen based on high population areas with specific geographic requirements to ensure a large volume of customers. The location chosen requires a high capacity facility that is capable of serving its large number of customers. This is accomplished not just by size but by layout design and the efficient flow of  product and delivery of that product. That product flow along with a good human resources and job design are a crucial part of managing a Hard Rock. The management of the supply-chain and inventory/material is another essential part of Hard Rocks success. Managers have to purchase the correct equipment and supplies needed to efficiently produce the high quality products and take into account how much inventory is required and when to restock. This takes good data analysis and continually requires review to ensure proper inventory of supplies at all times. Lastly, managers need to take into account intermediate and short-term scheduling along with when to perform maintenance on equipment and facilities. Planning on high business times of the year managers can schedule preventative maintenance during the slower parts of the year. In the same way they can schedule part time employees to accommodate the influx of customers during busier parts of the year. Works Cited Professor Barry Render, J. H. (2013). Case Analysis on the Hard Rock Cafe. Trident University.

How And Ways Of Merging Finances - 872 Words

When part of a couple, there are several entertaining things you will do with your loved one. Going on vacations, enjoying candlelit dinners and even going on shopping trips are all things couples like to do together. Along with being fun, the one thing these activities have in common is that they cost money. Prior to marriage, or even before a couple starts to get serious, money may not be too much of a concern. It is when people start to build a future together that the topic of money and possibly merging finances will need to be discussed and sorted out. Merging finances may seem like a brilliant idea, but prior to couples doing this, there a number of things they should consider, so they have the best possible outcome instead of more stress. 1. Be honest about finances The number one mistake that couples make when marrying or moving in together is not being honest about their finances. Oftentimes, people may feel ashamed at the fact that they have a lot of debt, especially from credit cards, student loans, medical bills and more. On top of that, they may not be making very much money from their current job, and in combination with their debt, they are concerned about appearing financially unstable. The average person has some sort of debt, so there is really nothing to be embarrassed about. If you want your relationship to have the least amount of financial stress possible, then you have to be honest and fill your significant other in on what is going on with yourShow MoreRelatedThe Current State Of The Health Care Environment1573 Words   |  7 Pagesimportant, however not to simply merge for the sake of merging. It is important to look at some of the key financial drivers and assess if would be a good idea financial to merge or acquire with ano ther organization. One key financial driver would be to gain new capital assets. 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