...What is actually virtual meeting on business? Recent years, advanced technology brought a lot of new opportunities in our life and on our businesses meanwhile these technological improvements get inside our life day by day. Virtual meeting is one of these opportunities which many businesses are using it and many of them will use in the future. Virtual meeting is having a meeting by using internet connection virtually with the other branches or other related companies that you work with. “Virtual meetings will never eradicate the need for traditional face-to-face meetings, but they often provide the least expensive means of bringing people together” (2011, Mittleman). As long as companies remain, people who work within these companies will travel to other countries or cities to have meetings but virtual meeting which is videoconferencing and telepresence will decrease these travels. What are the advantages of the virtual meetings on an organization? Maybe 15 years ago, if we talked about a virtual meeting, it would be so weird but now this is very common way to have a meeting and will be more than now. There are a lot of advantages of the virtual meetings first and important one for a business is saving time. The other important advantage is saving money. These two important things are actually main factors to consider for many businesses anytime. These virtual meetings will reduce your employees to travel for a meeting sometimes these meetings can last 1 week or...
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...dilemma as your family does not want to be relocated. The project has a six-month deadline. What factors should you consider in order to make this virtual assignment effective? Answer: First of all, virtual assignments is where the employees and managers are located in different areas as in this case, the Project Manager’s office is in London whereas the other six team members are in Munich. Thus, the Project Manager has to rely heavily on communication technologies such as telephone, email or video conference. In my opinion, the factors that has to be taken into consideration include effective use of technology, invest time in building relationships and trust, provide specific intercultural training and arrange face-to-face meeting occasionally. To bring a success to virtual assignments, I will need to be aware of the full range of technology tools available to us and become practices and proficient in their use. Without familiarizing the technology, it is difficult for managers to keep in touch with the team and it might end up slowing down the team performance. For instance, it will be a waste of time discovering the function of Skype tools during the virtual meeting. Besides that, as a newly-appointed Project Manager, trust and a comfortable level of social or personal interaction are enormously important for effective virtual assignments. It is crucial for me to find ways to engage with my members and create an appropriate and effective dynamic within the team. Initially...
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...(FCR) in Orland Park, IL is an independently owned and operated real estate organization with over 200 sales agents and associate brokers, as well as a 6-person administrative staff. Operating and servicing the real estate needs of South Suburban Chicago, Illinois since 1990, they have the largest amount of real estate agents in the area; and currently service approximately 35% of the market share. Their philosophy is to be loyal to their clients, cooperate ethically with their competitors, and be truthful in their statements and advertisements and to not interfere with the exclusive contracted relationships that other agents have with their clients. In addition, FCR makes a conscious effort to attract and retain the very best of agents by offering the maximum commission plans available in the area; and sharing in company operating fees and overhead costs; all while offering the freedom to agents to operate their business independently with advanced support services. FCR stresses personal development among its agents; training is offered often and strongly encouraged so that everyone can be their best rather in a sales, management or support role. In addition; several discounts and services are available for agents to promote themselves individually as well. Initially, First Class Realty worked only the residential-side of the business, offering real estate listing and sales assistance - marketing single-family and town-homes, condos and four-unit or smaller multi-level buildings-...
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...Job analysis is the important process of identifying the content of a job in terms of activities involved and attributes needed to perform the work and identifies major job requirements. Job analysis was conceptualized by two of the founders of industrial/organizational psychology, Frederick Taylor and Lillian Moller Gilbreth in the early 20th century.[1] Job analyses provide information to organizations which helps to determine which employees are best fit for specific jobs. Through job analysis, the analyst needs to understand what the important tasks of the job are, how they are carried out, and the necessary human qualities needed to complete the job successfully. Essentially, job analyses provide information to organizations which helps to determine which employees are best fit for specific jobs. The process of job analysis involves the analyst describing the duties of the incumbent, then the nature and conditions of work, and finally some basic qualifications. After this, the job analyst has completed a form called a job psychograph, which displays the mental requirements of the job.[2]The measure of a sound job analysis is a valid task list. This list contains the functional or duty areas of a position, the related tasks, and the basic training recommendations. Subject matter experts (incumbents) and supervisors for the position being analyzed need to validate this final list in order to validate the job analysis.[3] Job analysis is crucial for first, helping individuals...
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...enjoy cost savings and a more reliable supplier network. Our development of the Ford Production System (FPS) has resulted in a leaner more responsive and efficient manufacturing operation and our Order to Delivery (OTD) initiative has reduced our order to delivery time from 45-65 days to just 15 days! This being said, the global market is extremely competitive and I believe is challenging us in ways we have not seen before. With emerging technology and the ability to reach global audiences through the internet, our entire supply chain platform has changed. We need to find a way to work together and embrace this technology in ways that will be cognisant of shareholder value and customer responsiveness. We have analyzed the DELL virtual integration method and the successes DELL has seen using this method are nothing short of revolutionary! Our company is much larger and much more complex...
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...model could save its time and reduce cost so that Dell could have competitive cost advantages. However, Ford high complex business model is hard to implement the Virtual integration plan easily. Therefore, I recommended the partial implementation and execution of the virtual integration of Dell’s direct model. Although there are several key differences between these two industries, Dell’s strategy(Exhibit 3) still could be applied to Ford. Under this model, Ford can use the information technologies to interact and transact from their supplier to customer. Reduce the layers would increase both operation control efficiency and the flexibility in supply chain. Every big change may cause high risk of the issues during the implementations. Ford should build the special group the Monitor the process in order to make the transactions to go smoothly. Issue Identification The growth of this industry and new technology pushed Ford need to do the redesign for their supply chain as Dell or not. Issues for existing Supply Base: No Direct feedback from customer. No flexible for supplier management. Long lead time for the parts. Large data base of suppliers and network Lack of technology and technological sophistication that prevail in the supply chain, especially at lower tiers (Exhibit 1) Virtual integration would require changes in fundamental operations. Compare with Dell, Ford cannot make the change easily because they have a large data base of the business...
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...1).What is the difference between virtual reality and augmented reality? Augmented reality allows for the use of real life images with graphics or other effects and can use any of three major display techniques such as head-mounted display, and spatial displays which are able to display graphical information on physical objects and handheld displays. Virtual reality is generated through a computer interactive which is three dimensional in which people can immerse themselves (2).Why is augmented reality so appealing to marketers? Because it will generate more sales and offer customers more insight into the market such as with real estate, in having a way to visually inspect the measurements and other qualities of the home, this will make the consumer more interested and plus it will give the real estate company more revenue from sales. Customers can actually point their phones at a house and get information on the house immediately this is great for busy people who are searching for the perfect house to buy. It is also great for the success of the real estate company not to mention more convenient and time saving ).What makes augmented reality useful for real estate shopping applications? It can help both the realtor and the consumer in ways that will implement more sales. As a consumer becomes more dependent on their cell phones having an application like this would enable a potential customer that is always on the go to see the various features of real estate in order to...
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...about the Bloomingdales brand’s use of cool technology to create excitement about the Super Bowl. If that is the case, doesn't it make sense for retailers to use digital in-store, providing the types of devices with which omnichannel shoppers are already used to interacting with? While retailers may consider showrooming to be a threat, the power of in-store Wi-Fi and displays to enable consumers to access product information, reviews, and prices shouldn’t be underestimated. Let’s look at three examples of retailers innovating with digital technology to improve their in-store experience and drive engagement and sales. Marks & Spencer’s Digital Flagship Department Stores: M&S has been providing more ways to access products, including the introduction of new browse-and-order points, large digital screens that play catwalk videos to showcase products, and virtual makeover counters with facial recognition technology. Its new multichannel Home Hub maximizes store space to focus on key products while allowing customers to order from its full range of offerings via iPads and large touch screens. This technology is a great way to drive product engagement and purchases in-store, driving existing customers to login to their accounts, while providing rich information on omnichannel shopping habits....
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...Reality Gets Better Unit 4 IP Christina Connell MGMT305-1104-01 AIU Online Reality Gets Better What is the difference between virtual reality and augmented reality? Virtual reality computer programs are designed to simulate real life. The user wears special clothing and head gear that allows them to be completely immersed in the program. The clothing helps them to navigate through the system because it takes the body movements of the user and communicated that to the computer. For example, if you are taking a virtual tour of a house and you want to walk to the next room your feet moving communicate to the computer the direction to take you. Augmented reality is technology that allows the user to enhance visualization of reality. It takes real life images and enhances them with graphics to give the user a different perspective of reality. A great example of this is used in the medical field. During surgery they can use augmented reality software to superimpose ultrasound images on the patient to help the surgeon know where the problem is. Of course it is used in our everyday or at least every weekend life when we watch sports and they show those lines on the field showing where the first down goal is (Laudon, 2010). Why is augmented reality so appealing to marketers? Marketing is a business that is all about appealing to the customer. How do you get the attention of the consumer? You have the flashier ads and the attention getting signs. How about...
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...The Riordan Manufacturing Virtual Organization Harlan Gary OPS/571 18 August 2014 Patricia Ford Create a sales forecast for electric fans using selected techniques Riordan Manufacturing sales forecast for the demand of fans is based on 2006 and 2007 average sales for the last 24 months and projections increasing the amount in the third year. The purpose of this sales plan is to help the sales organization prioritizes activities and resources for 2006 in an effort to meet or exceed the stated sales objective (University of Phoenix 2013, Riordan Manufacturing, retrieved from University of Phoenix OPS/571 website). Riordan’s strategic plan involves marketing, and product development, pricing strategy, and sales team productions. In forecasting, a customer demand is a primary factor that requires techniques for final approval on capacity for individual products and expected sales. The $50 million goal has two important factors: Increased sales to existing customers by increasing sales force promotions, price discounts, and customer group services, and expanded sales to new customers by implementing public relations activities trade shows, brand development and sales force promotions (University of Phoenix. 2013, Riordan Manufacturing. Retrieved from University of Phoenix, OPS/571). Table 1. 2006 Sales Forecast for Electric Fans 2005 | | Average Units Sold Based on Actual Data | Deseasonalized Linear Regression Average Sales Figures | Seasonal Factor...
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...toward one common goal and completing the project with successful results. Average groups do just enough to achieve a goal, and then there are groups that are extraordinary. They achieve superior results and team members come away from the group experience with a newfound respect of what he or she helped accomplish. A study revealed eight performance indicators linking extraordinary groups and group members agreed. Each team member agreed teams must: have a compelling purpose, a shared leadership role, team structure, full engagement among members, embrace member differences, learn the unexpected, build trusting relationships, and achieve outstanding results. Whether the team is for-profit or not, volunteers or employees, face-to-face or virtual, these eight indicators emerged (Bellman & Ryan, 2010). Athletics and businesses share many of the same qualities. The head coach sets goals for his team as does the business manager. Head coach and manager set out to accomplish a particular goal. The goal of the head coach may be winning the league championship. The goal of the manager may be to finish the fiscal year under budget. Dayton (2007) agrees sports and business are similar is many ways. Teamwork, excellent communication, creativity, time management, and good leadership are areas that can improve team...
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...Networks, Telecommunications, and Wireless Computing Businesses around the world are moving to network infrastructure solutions that allow greater choice in how they go to market-solutions with global reach. (Baltzan & Phillips, 2009, p. 239) For the Broadway café to move into the 21st century it should include latest technologies in marketing and make significant efforts to include mobile marketing strategies. Companies worldwide are going mobile to increase productivity, speed delivery to market, and reduce operating costs. (Baltzan & Phillips, 2009) To gain the competitive advantage, more and more retailers are turning to mobile application to enhance worker productivity, operational efficiencies, and anytime, anywhere customer service (Baltzan & Phillips, 2009, pages 248,249) The newest channel for direct marketing is mobile direct marketing. It is a communication channel that provides marketers and consumers with opportunities for much greater interaction and individualization. (Kondo, Shen & Shahriar, 2008) The Mobile phone is a highly used and reachable medium; this makes it a potential channel to reach to the prospective consumers. Today everyone owns smartphones to 4G handsets. Broadway café plans to introduce M coupons to its customers. Mobile coupons are digital coupons sent to a mobile device such as a mobile phone, smart phone, or personal digital assistant. They can carry messages including text, pictures, audio, and, more recently, even videos. The...
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...EMC2 Delivering Customer Centricity An Analysis Analysis: EMC2: Delivering Customer Centricity This paper is an analysis of the article EMC2: Delivering Customer Centricity; by Thomas Steenburgh and Jill Avery (2011), Harvard Business School. EMC Corporation has had a long and storied relationship with its approach to customer service. For most of the last thirty years, the customer has been front and center in the company’s strategy to achieve the leadership position in the data storage market, but it did not begin that way. In 1987, prior to the full customer centric commitment, as EMC was expanding into disk drives and memory cards, sales personnel knowingly shipped defective products in order to meet sales quotas; hardly a customer centric action. (Steenburgh & Avery 2011). In 1992, with the naming of Mike Ruettger as CEO, the company made a full – fledged commitment to customer service as a competitive advantage. The customer’s voice was to become top priority and inform EMC processes and corporate culture. Ruettger launched an initiative called TCE, Total Customer Experience, with the objective to exceed customer expectations. In transforming the EMC culture, it was critical that Ruettger’s team redesign performance metrics, incentives, accountability, and oversight procedures. They established a “Voice of the Customer” team to analyze loyalty surveys, communicate learning, and make recommendations to improve processes that touch the customer. Customer...
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...Why Off-Sites Should Go Virtual: the Virt-Site By Keith Ferrazzi Organizations are all trying to do more with less. As the economic downturn drags on, companies have tightened their belts even further. Businesses continue to lay off thousands of workers; holiday parties are being drastically downscaled; executive perks like corporate jets have become history; and the list goes on. As part of that belt-tightening, some companies have begun to rethink their strategic off-sites. Instead of flying executives from around the world to an expensive three-day offsite location, why not just conduct everything virtually? The problem, though, has been that many companies have been trying to use videoconferencing, virtual reality technologies, and other tools to try to replicate physical off-sites. One idea was to encourage spontaneous conversations by simulating a “virtual cocktail hour. ” Wrong! The use of virtual technologies to replicate traditional physical off-sites misses a huge opportunity. Doing so results in a “poor man’s” version of the real thing, like online training courses that consist of nothing more than a video recording of an instructor followed by a test. Instead, companies need to be much smarter about how they conduct virtual off-sites. They need to leverage online’s unique characteristics to push beyond what’s possible in a physical setting and truly transform the process. Interviews with dozens of experts resulted in the following methodology, dubbed the virt-site...
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...Kudler Fine Foods SR-kf-013 Frequent Shopper Program Kudler Fine Foods implementation of a frequent shopper program is believed to boost sales and customer loyalty (UoP Virtual Organization, 2004). This customer service enhancement has benefits for both the company and the customer as long as the requirements are reviewed and met sufficiently. The aspects that will be highlighted are as follows; System requirements, Legal and Ethical requirements, and Security. A financial review will also be required to determine if the program should be implemented. System Requirements The frequent shopper program falls under two departments; Sales and Marketing and Human Resources. Sales and marketing will determine promotions regarding the rewards and track customers usage. Sales and marketing will handle research for the programs as well; initial research, evaluation and refining the program will all be under the sales and marketing department. Human resources become involved ensuring all employees are scheduled for proper training. Each employee will undergo training for promoting the program, answering customer questions and ensuring the customer is receiving credits for each eligible purchase. Legal and Ethical Requirements The legal department will research the laws governing these types of programs in the area. The areas that require research are as follows; privacy, regulations regarding rewards, restrictions and fraud risks. Customer privacy is not...
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