Virtual Team success Term Paper Example | Topics and Well Written Essays - 3000 words

Virtual Team success - Term Paper Example Virtual teams have objectives similar to the traditional teams, however they use different infrastructure as compared to traditional project teams. In this scenario, they perform their tasks without having the limitations of time, organizational boundaries and geographical locations associated with communication technologies. (Casey & Richardson, 2006) define virtual team as â€Å"a team whose associates make use of the technologies such as the Intranet, Intranets, Extranets and a wide variety of other networks to coordinate, communicate and collaborate with each other on work tasks and projects even if they can carry out their tasks in different geographical regions as well as away from organizations.† Thus, the virtual team is considered as contradictory from the traditional team due to the fact that its members are located across geographical regions. Additionally, virtual teams are normally implemented and managed in multilingual and multicultural surroundings, which can b e away from organizational boundaries (Casey & Richardson, 2006; Gould, 2006; DeRosa & Lepsinger, 2010). In addition, a virtual team is normally composed of people who work from home or any other location however this is not for all time the case. Virtual team associates can work in offices also. There are a numerous reasons why virtual teams are turning out to be so popular these days. The basic reason is the reality that we live in the information age, as different to the industrial age. In view of the fact that the information travels at the speed of light, and those who have access to the most modern and fastest communication and collaboration technologies are capable to send data quickly. The capability to transmit data and information at fast speeds, combined with the power of the web, has caused the formation of "virtual corporations." However, the most influential aspect of the virtual team is that it is not limited to their physical location (Exforsys Inc., 2009). This paper presents an overview of virtual teams. The basic purpose of this research is to analyze some of the impo rtant aspects that are associated with virtual teams such as working, communication, collaboration, operational model, performance enhancement aspects and so on. Why Virtual Teams are Effective? Information technology (IT) has presented a wonderful support required to deal with the advancement of new organizational forms. The concept of a virtual team is a practical example of such organizational form. A virtual team can transform and modernize the infrastructure of the place of work as well as provide the organization with extraordinary levels of power and awareness. In view of the

European Labour Market Essay Example | Topics and Well Written Essays - 5250 words

European Labour Market - Essay Example (Theil, 2008, p. 76) Unemployment in Europe has been shown to be worrying phenomena based on the fact that more than 20 million people are unemployed in the continent. But the most worrying fact has been that this is only affect some segment of the society and especially based on ethic factors. Fore example it has been shown the Italy is one of the European countries where the level of unemployment is affecting some segment of the population and it has been closely liked to certain social components. It has been shown most o the region in Europe with has excess labour supply with exception of France and Spain enjoys full employment while others have very high rate unemployment. (OECD 1997, p. 3) But there is a close relationship between economic performance and the level of unemployment in these European counties. It is to be found the unemployment and economic growth are two non-integrated factors and which are derived by the same autogressive united roots that are present in majority of the growth models. Economic growth and unemployment of any nation are positively correlated and it will be found that in the short run economic growth and unemployment relates in away that the equilibrium rate unemployment rate relates to a decline in the economic growth rates of the country as postulate in the Okun's law. According to studies that have tried to relate the two factors in the European market, it has been found that Okun's coefficient is in line with the estimate of the all the countries in Europe except UK whose label market looks more flexible in the way it accommodates transitory shocks compare to the European labour markets. (Pia 2006, p. 3) The pattern of unemployed in Europe has been attributed to other factor including the social stature of the individuals who depend on the participant the economic system of production and exchange in the society. The high rate of unemployment has therefore led to loss of some social aspects that have acted as the social fabric and hence the more people lose their social values, the more the effect is spreading even to those who are not affected. It has grown from an economic problem to take a social dimension. This paper will look closely at levels of unemployment in France in order to understand the level of unemployment as contributed by economic polices and the labour laws of the countries. It will look at unemployment statistics and relate them to economic theories. Unemployment in France Franc has been one of the largest economies in the world and by 2005, it was estimated the France had a GDP of $1.862 trillion according to the World Bank report which was measure in terms of purchasing power parity. In 2008, CIA Word Factbook rated France economy to be more than $2.067 trillion which means that it was ranked at the eighth targets economy. But the economy of France is place at sixth position by both World Bank and the International Monetary Fund and much other survey have ranked France in the third position in Europe behind German and the UK but in 2006 it was ranked ahead of UK in the second position. The economy of Fran