WS5-Final-Eldridge

WS5-Final-Eldridge - CUTTING COSTS USING VIRTUAL...

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CUTTING COSTS USING VIRTUAL COLLABORATION 1 Cutting Costs using Virtual Collaboration Mark Eldridge Indiana Wesleyan University BSMO188 MGT 302 March 23 2011 Robert Neely I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University.
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CUTTING COSTS USING VIRTUAL COLLABORATION 2 Intro The global structure of business is ever changing. In order for business to run sufficiently, new technologies must be created to meet this change. These technologies not only allow a business to run more sufficiently, but they also increase productivity, decrease costs, and allow room for the business to expand into new markets. These technologies have been known as virtual collaboration technologies. Tandberg products, and Skype are examples of revolutionary virtual collaboration technologies that have been created to fill a need in business. It must be understood what virtual collaboration is, what are the different kinds of virtual collaboration, how does it change business, and why leaders need to be able to understand and use virtual collaboration. What is Virtual Collaboration? Virtual collaboration was created with the development of new technologies, specifically in the fields of audio, video, and internet. Virtual collaboration uses technologies such as video conferencing and virtual worlds to give teams from across the world access to information that was not currently available. It creates a pool of knowledge and allows businesses who could not currently work together the ability to come together and work on specific projects or problems. This is where virtual collaboration really shines. It allows people who could not afford the high cost of information access to it. For example, doctors in third world countries will have access to the latest information on diseases, cures, and medical practices. This will increase the quality of life in these countries and decrease mortality rate. Virtual collaboration creates a virtual environment for businesses to work together. It creates and implements flexibility, creativity, and innovation. This will allow for more people to come together to create jobs, solve global problems such as global warming, and spark up new ideas. This allows company to go without
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CUTTING COSTS USING VIRTUAL COLLABORATION 3 the thousands of dollars in traveling expenses when they can use video conference calls to have the company displayed on a screen right in front of them. So they still get the same effect without the high cost of travel. Major companies such as Microsoft, IBM, and Apple saw the use of these
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This note was uploaded on 02/21/2012 for the course ECON 254 taught by Professor Martin during the Spring '12 term at Purdue.

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WS5-Final-Eldridge - CUTTING COSTS USING VIRTUAL...

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