OLS 383, Human Resource Management
Linda Myers
November 2, 2011
The Virtual Organization and The Global Workforce
The field of Human Resources is currently undergoing a variety as it mirrors the expanding global economy while utilizing new technologies that drop by the wayside for virtual organizations. engineering science and emerging new markets in a global economy are the two main forces hotheaded the changing workforce. The reality of the virtual workplace and the move toward a global economy are still new and frequently go out be learned as these trends evolve. This paper will take a look at the factors driving these changes as well as examine the pros and cons of targeting business globally and virtually.
Technology enables companies to bring their employees together in a virtual milieu even though they may be physically locate a distance from each other. Utilizing technology to communicate and conduct business began gaining popularity during the 2002 and 2003 recession as a cost-saving measure and as a measure to deal with travel restrictions following the attacks on World Trade Center. Virtual meetings continue today as they have proven to reduce costs while allowing for modify time management.
Still other companies use virtual teams fixed around the world to expand into new markets where the middle relegate is expected to triple by 2030 (Fox, 2010).By placing cross-functional teams in locations around the world, companies smoke expand into these new markets as their middle-class newcomers are acquire luxuries such as cars, dishwashers, washers, and dryers, and electronics they could not previously afford.
Today, there is a trend toward operating entirely virtual while undertake out the actual production of the company. Indiana Biomedical entrepreneur Network promotes virtual life sciences companies. IBEN points to the success of Marcadia Biotech, whose mission was to find diabetes and obesity treatments. Marcadia...If you want to get a full essay, stage it on our website: Ordercustompaper.com
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