...Virtual Organizations vs. Traditional Organizations Question 1: What are some of the major differences between a virtual and traditional organization? Are there any beneficial elements within a virtual organization that could give them an advantage in today’s global market? Traditional organization is one in which all team members work in the same location. Also workers in the traditional organization see each other every day. They can communicate in face-to-face conversations. Employees do not necessarily all work in the same building, but are based in the same general area. Virtual organization is any organization that has at least one team member working remotely and there are several different types of virtual companies and teams. Some remote team members is a company has one or more local members who consistently work from a remote location. Spilt team is a company has two or more locations where employees work out of an office that is local to them. Satellite team members is a company that has a main office and many satellite employees who work from a home office. 100% virtual team is a company does not have a main office, all workers work remotely. Outsourced teams is a company that has a main office, but outsource certain functions to other companies. Having employees who consistently work from a remote location, could help as having trustful source about any new updates or news in the field that the company interested in. It’s easier to communicate via the...
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...Effectiveness of Virtual Training in Organizations Lisa R. Sickinger University of Maryland University College ITEC 610 Section 9042 Abstract This paper discusses how virtual training is a cost effective training solution for organizations without sacrificing training quality. Three major motivations for implementing virtual training are discussed: 1) To replace traditional training; 2) To develop new training capabilities; and 3) To augment traditional training. In each of these scenarios, this paper shows how cost effectiveness is realized through cost savings, reduced risks and increased proficiency of trainees. Table of Contents Introduction 4 Background 4 What is Virtual Training? 4 What is Cost Effectiveness? 5 Virtual Training Effectiveness 6 Replacing Traditional Training 6 Developing New Training Capabilities 9 Augmenting Traditional Training 13 Conclusion 18 References 19 Introduction Virtualization is a term often heard today with regards to information technology innovations. One area of virtualization that is widely being adopted by organizations is virtual training. Is the adoption of virtual training simply a popular trend or are there greater benefits? Like any project, the development and implementation of a new technology like virtual training requires extensive planning and resource allocation. Are the extensive investments needed to implement a virtual training program worth it to the organization in the long run?...
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...Riordan Virtual Organization and Environmental Scan Strategic Management- MGT/498 Riordan Virtual Organization and Environmental Scan In today’s workforce, much research is being done to find ways to improve work conditions and in turn, productivity that can yield higher profits. Innovative companies intend to keep up with the times and with their customers, providing unconventional ways to improve the environment of the workplace to increase thinking, creativity, and productivity, which can help in better decision-making and can help increase its profits. The intent of this paper is to decide which competitive advantages Riordan has in common with the companies researched last week, and estimate, which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market. In addition, Team A will explain why the competitive strategies were chosen and will estimate how they may affect sustainability of long-term organizational performance while explaining how the global market would affect the business strategy of Riordan. Riordan Manufacturing Riordan Manufacturing is company known for their manufacturing of plastics globally. Riordan produces plastic beverage containers, custom plastic parts, and plastic fan parts from their facility in China. Riordan has become a Fortune 1000 company and has done well. Riordan expanded to China and that facility, at...
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...Intro: Virtual Organization is the measure for providing practice and functions of work in a corporation. This provides the view and functions of a corporation’s website and the interior sections for employees’ website. This provides students the ability to be aware of the sections of a corporation’s functions with or before the work experience. The education in this provides the viewpoints necessary for organization and maintaining a corporate world. This manual provides the different sections of different work environments for corporations. This is a measure of providing a learning experience. Those that are new to the work concept will learn the basis of the corporation from the Virtual Organization. This is a functional level of experience by a virtual corporation. However, these are not actually correct in the information they provide. They are decided and engineered forms of a corporation’s websites with outer and internal functions. This assists with the education of a company’s work provided by its virtual websites. Towards the ending of the manual are the measures necessary to follow for attaining the Virtual Organization website. The key factors of login, materials, and selection for Virtual organization explained toward the end of the manual with brief pictures for view. The last paragraphs of the manual will provide a conclusion of the functions and guidance for the student’s future use of the Virtual Organization website. ...
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...Virtual Organization for Riordan Manufacturing Virtual Organization for Riordan Manufacturing Many companies today are looking to create virtual organizations for their businesses because of the innovation and organizational improvement it can provide. Creating an intranet in a virtual organization to hold shareable company data is the best form of communication between all employees. The intranet can be protected from outside interference by using the correct security measures. While reviewing the virtual organization for Riordan Manufacturing, there were some inconsistencies in the home page, accounting and finance, and human resources section that can be improved on. Home Page The home page is the most important web page for a user because it prepares and sets the tone for navigation and functionality. A glaring omission from the Riordan home page is the purpose of the Intranet and its usefulness for employees. Currently, the home page contains the mission statement, company facts, and a brief history. While this information is important, we would recommend creating a separate page named “About”, or placing it under the current link of “Riordan Industries”, which would be a more appropriate location. Our recommendation for the home page would be to include more details about the intranet itself. What is an intranet? Why is it important? Who are the users? These questions are very important, especially for someone who is new to the company. Additionally,...
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...Virtual Organization: Riordan Manufacturing Learning Team B August 3, 2013 FIN370 Prof. Putnam, Richard There are many factors of strength that can be found in a company who’s going public, as well as the company understands that with going public, their real capital can be created. This capital can allow more money to go towards research and development, pay for current capital expenditures, or even help pay off existing debts (Investopedia, 2009). When an organization is publicly traded, this means that the public can notice a company on a much larger scale, than they would have in the past. There now is future potential of investors finding out of a company’s growing successes where they might not have heard of before as with the numbers being public, the success of the company also is shared (Investopedia, 2009). Another potential strength of going public is that of entrepreneurs if looking for a way out, or merely a way to cash out on a successful growing company, it’s a way to gain on that success. (Investopedia, 2009) <-THIS NEEDS MORE SENTENCES Although there is much strength to going public through an IPO, there are also many weaknesses. As we choose to go public we will have to consider the challenges of fully disclosing our company information for investors and publishing our financial records to be in accordance with Securities Exchange Act of 1934. In addition, we need to consider the added cost of complying with additional government regulations as...
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...Kathy Kudler fundada Alimentos Kudler Artes. Ella fue una vez el vicepresidente de marketing de un contratista de defensa de gran tamaño. Cansado de los viajes constantes y las presiones de la vida corporativa, Kathy estaba buscando otras oportunidades. Como sucedió, Kathy relevado de su estrés a través de la cocina gourmet y en un viaje de compras para los ingredientes para una comida gourmet. Kathy se dió cuenta de que había una oportunidad para una tienda de alimentos de lujo sibarita en La Jolla. Kathy desarrollado un plan de negocios, obtener financiación y seis meses después, el 18 de junio de 1998, abrió los alimentos Kudler primera multa. En los nueve meses de la tienda estaba a punto de equilibrio y era rentable para el año. En el año 2000, una segunda tienda se abrió en Del Mar y en 2003 una tercera tienda se abrió en San Diego. Analizo la mejor opción para la Alimentación Kudler fina entre hacer público a través de una oferta pública inicial, la adquisición de otra empresa del mismo sector, o la fusión con otra organización. Al comparar las fortalezas, debilidades, oportunidades y amenazas de las tres opciones le ayudará Equipo D para tomar una decisión inteligente. Empresas de propiedad privada, buscando maneras de aumentar los flujos de efectivo se enfrentan a algunas decisiones que tomar. Algunas de las opciones de las empresas tienen que aumentar sus flujos de efectivo se va público a través de una oferta pública inicial, la fusión con otra empresa, o la adquisición...
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...Virtual Organization Strategy Paper Caroll Ulbrich, Erin Thompson, Latasha Smith-Tutt, Levi Williams, Samantha Ehrlich FIN/370 August 19, 2013 Richard Jenkins Virtual Organization Strategy Paper Kudler Fine Food is a very well known food store. The owner Kathy Kudler is thinking about going public through an IPO. There are four approaches that need to be looked at from the IPO stand point. They are strength, weakness, opportunity and threat. Strength When a private company is thinking about raising money in the financial market an initial public offering (IPO) has advantages. By going with an IPO Kudler generates revenue from the sale of shares of stock in the company. The owner has gained liquidity in their company. With Kudler going public, the company now has access to the public market in the future. It also opens up the possibility for higher growth. Kudler will also have a higher profile making it easier to get vendors for goods. Weakness One of the things that could be a problem is arbitrage. Arbitrage is a purchase is made with the expectation of selling for a higher value in different markets. Opportunity Kudler Fine Food would have many opportunities with going public with an IPO, A greater amount of capital would come from issuing of shares that are traded on the stock market. It will also help the amount of business that takes place at Kudler should...
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...Virtual Organization Strategy Yvette Griego, Judy Herbert, Hung Ho, Denny Morrison, Stacy Oshrin FIN/370 March 18, 2013 Dr. Shadi Sifain Virtual Organization Strategy Kudler fine foods is a company that prides itself on a quality selection of spirits and wines as well as organic meat, seafood, and a huge variety of produce. In addition, Kudler offers gourmet cheeses from 21 countries and fresh baked goods. According to its corporate site, Kudler currently operates three stores in southern California. The company can deliver quality merchandise because they “shop the world" and “go to extensive lengths to assure that Kudler Fine Foods is the purveyor of choice for customers aspiring to purchase the finest epicurean delights” (University of Phoenix, 2013, para 3). The following analysis shall discuss several options available to Kudler Fine Foods when considering expansion from its current status as a privately held company. The options considered are to formulate an initial public offering, engage in the acquisition of a similar business, or merge with another company. Team B will compare and contrast the strengths, weaknesses, opportunities, and threats associated with each option. Globalization and exchange rates are a primary factor in expansion, and the team shall discuss the effects of globalization, factors associated with exchange rate risks and how best to mitigate such risk. In addition, the team shall formulate a recommendation of the best option for Kudler...
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...Virtual Organization Strategy FIN/370 October 20, 2012 Riordan Manufacturing is a Fortune 1000 company that employs 550 people with projected annual earnings of $46 million dollars. The company was founded by Dr. Riordan in 1991 and subsequently the company name was changed in 1992 to Riordan Manufacturing after Dr. Riordan obtained venture capital to expand the company. The corporate headquarters is located in San Jose, California with additional manufacturing plants in Georgia, Michigan, and China. Products include plastic beverage containers, custom plastic parts, and plastic fan parts. The company is a leader in the industry of plastic injection molding. (Virtual Organization Portal, 2012) Riordan Manufacturing wants to expand operations and they have three options when considering expansion. The three options are going public via IPO, acquiring another organization in the same industry, or merging with another organization. The company must consider the strengths, weaknesses, opportunities, and threats of each option before making a final decision on how to expand. Additionally, considerations on the financial effects of globalization, exchange rate risks, and mitigating the exchange rate risks should be analyzed if the company decides to go international. Strengths Riordan manufacturing is looking for ways to expand their business. They narrowed it down to three options which are going public through an IPO, acquisition of another organization...
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...Riordan Virtual Organization The Riordan Manufacturing Organization has recently redesigned its operational format. These changes will now be in need of new operational processes. It has been the charge of this work group to have an open discussion on the possible new design plans for this company and the pros and cons of each of these new options. San Jose has a license for a fully integrated Windows based ERP manufacturing, distribution and financial management software application specifically designed for plastics processors and process and assembly manufacturers. Michigan had purchased a vendor developed software application and the attendant source code for their F and A and process application. Georgia had purchased a vendor (different from Michigan) developed software application and the attendant source code for their F and A and manufacturing process applications. The F and A department has been unable to achieve anything remotely resembling "seamless compatibility." Some F and A data is provided to corporate via data files; some data is provided via hardcopy reports and must be re-entered; some data is provided via data files but must be converted to the proper account codes and the list goes on. Consolidated close of the General Ledger and subsequently the Income Statement and Balance Sheet is labor intensive and normally not completed until 15-20 days after month end. Compliance with new government required reporting requirements at...
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...Virtual Organization Strategy FIN/370 Virtual Organization Strategy Berry’s Bug Blasters is a privately held business and wants to expand its operations. The business is considering three options for moving forward with the expansion plan. The first option is going public with an IPO, or Initial Public Offering. The second option is to acquire another similar business within the industry, and finally the third option is merging with another organization. All three of these options are viable choices and this paper analyzes each options for its viability and suitability to needs of the business. The paper identifies the strengths and weaknesses of the each approach, and well as the opportunities and threats posed by each option. The analysis begins with the strengths of the IPO, merger, and acquisition. Strengths of an IPO, Merger, or Acquisition Berry’s Bug Blasters could effectively expand its organization very rapidly through an initial public offering (IPO). An IPO would position the organization, after an underwriting process, to go from a privately owned company with modest annual revenues of $3.2 million to a public company that could put Berry’s...
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...Strategic Plan: Riordan Kevin Music, John Beard, Paul Brown, Elza Milivic MGT/498 November 11th, 2013 John Hawes University of Phoenix Strategic Plan: Riordan A strategic plan is an important part of every company that helps to keep each department focused and to ensure long-term success. Ethics and social responsibility play large roles in strategic planning because these concepts are part of the foundation for the strategy and the strategy has a long-term effect on the company as well as any communities that are under the effect of these decisions. The competitive advantages Riordan possesses and careful analyzing of strategy options are important issues that must be near the forefront of the decision making process. The effect each strategy may have on innovation and sustainability in domestic and international domains will vary greatly, which means this effect will be extremely important when making this decision. Measurement guidelines are another area that will vary greatly between every situation, which can lead to difficulty in displaying the strategy’s effectiveness. Riordan has to tailor the measurement guidelines to the chosen strategy to ensure accurate measurement of effectiveness. Internal dynamics, cultural leadership, and structural leadership are important parts of the company and certain parts of the concepts will be useful in implementing the business strategy. The way these concepts influence business continuity is also under scrutiny...
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...Running head: VIRTUAL ORGANIZATION STRATEGY PAPER Virtual Organization Strategy Paper The competitive nature of businesses is a direct reflection of a strong management team. In order for a company to remain competitive the management team must remain innovative, knowledgeable of the market, and open to new ideas. Expanding operations may be one way that the management team decides to stay ahead of the competition. Expansion may not only create growth, but it may create value, wealth, and fresh ideas for the future. This project is designed to analyze a possible operation expansion for Riordan Manufacturing, an industry leader in the field of plastic injection molding (Riordan Manufacturing, 2006). The researchers of this project will analyze three possible expansion approaches including an initial public offering (IPO), a merger, and an acquisition. It will then be determined which approach would lead the Riordan Manufacturing team ahead of the competition and ultimate greater success for the company. Strengths of Each Approach Riordan Manufacturing has three options to expand its operations, go public through an IPO, acquire another company in the same industry, or merge with another organization. The benefits or strengths of doing each of these are addressed below. If the choice is to go public through an IPO then the benefits to Riordan, according to Inc. (n.d.) are: • “A publicly traded company may tap a broader universe of investors as well as a...
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...Running Head: VIRTUAL ORGANIZATION EMPLOYMENT LAW Virtual Organization Employment Law- Kudler Fine Foods University of Phoenix Virtual Organization Employment Law- Kudler Fine Foods Kudler Fine Foods is a company that employ’s people of all ethnic groups throughout the company’s three locations. Being that Kudler Fine Foods has such diversity under its employment, some of the rules and regulations set by the company may pose a potential problem for the company in the future. One of those rules is the proper attire rules. What may seem like inappropriate dress for one culture may not be seen as inappropriate for others. In the company’s employee handbook it clearly states that employee’s that our found dressed inappropriately or not clean will be sent home without pay. Some cultures have different ways of dressing which may appear to be inappropriate for an office environment; however, in his or her culture the attire may be considered formal wear. If an employee is asked to go home solely based on the fact that his or her supervisor considers that the employee is not dressed according to what he or she may feel is appropriate for the office, the employee may feel disrespected and even harassed. Should an employee feel that they are being personally singled out and sent home because of their attire, they may decide to sue the company for harassment. In order to maintain an environment in which all employee’s feel that his or her personal beliefs and cultural diversity...
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