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Unformatted text preview: Lockheed Martin 1 Lockheed Ma rtin gained several advantages by using virtual teams. As the case study said Lockheed dealt with employees around the world. Allowing employees to interact with one another across the globe gives companies, such as Lockheed Ma rtin, such an advantage. When employees interact with one another that way more ideas can be presented. Having the ability to use cultural differences brings new advantages to the table. New ideas allot for decreases in company costs as well as many other advantages. Virtual teams allow for communication between peoples that would otherwise never have the opportunity to do so. This would allow for companies to expand without having to entrepreneur themselves and loose opportunity costs. Although using a virtual system to interact with employees across the globe can be extremely advantageous to Lockheed Martin, or any company for that matter, it can also go very wrong. Unfortunately, there happens to be more than one reason as to why virtual wrong....
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This note was uploaded on 08/21/2011 for the course ACCT 1221 taught by Professor Adgams during the Spring '11 term at Stetson.
- Spring '11