Critical Success Factors for Virtual Teams
February 12, 2025
What does risk management mean? Is it just identification, assessment and planning and controlling social, economic or physical threat to the organization? Is the concept only about transferring the risk or reduce its negative effects? Well, the answers for the above questions is “no”. The process of risk management is not only restricted to controlling […]
The concept of market risk has always been around ever since financial markets have existed. However, the measurement and management of market risk is fairly new and has come up only in the last three to four decades. The recent past has seen a proliferation of theories and models which have been used to measure […]
The Corporatization of NGOs and the Opinions of Experts In recent years, the NGOs or the Non Governmental Organizations have been corporatized as far as their mode of operation and processes are concerned. This is especially the case with those NGOs that rely on Big Ticket funding as well as are run by extremely wealthy […]
Effective Communication is significant for managers in the organizations so as to perform the basic functions of management, i.e., Planning, Organizing, Leading and Controlling. Communication helps managers to perform their jobs and responsibilities. Communication serves as a foundation for planning. All the essential information must be communicated to the managers who in-turn must communicate the […]
An organization is made up of people and when people are involved, emotions automatically come into play, and a workplace is no different. It would be unwise to assume that a workplace is all objective, no-emotion only performance kind of a packed room where hormones have no scope to creep in however the fact is […]
Knowledge Management is defined as the use of different practices and techniques to collect, store and share Knowledge including information, experiences learning and insights among the current and future team members. Before the advent of information and communication technologies, Knowledge management involved the use of face-to-face interactions through classroom training, job rotation, coaching & mentoring etc. The 21st century organizations with their growing reliance on virtual teams use collaborative groupware technologies for effective knowledge management.
The major challenge in virtual teams is difficulty in sharing of tacit Knowledge. This is largely due to the social nature of tacit knowledge creation and transfer. Virtual teams bring together subject matter experts and specialists from dispersed locations to build a knowledge-intensive environment. These teams are more task-oriented, formed for accomplishment of a particular goal such as R&D, consulting, change or innovation, and are disembarked once the project is completed. The knowledge is gained during the process of task execution at an individual level. This knowledge in terms of experience and insights has to be captured and made available to the other project teams as well as future project teams.
An effective knowledge management in virtual team involves capturing and sharing of higher quality and quantity of information. There are two important inputs for effective knowledge management in virtual teams - use of appropriate communication technologies and human coordination. Some of the effective techniques for knowledge management in virtual teams are discussed below.
Thus we see that the key to Knowledge management in virtual teams involves providing infrastructure in terms of both technology and social capital. An effective Knowledge management strategy enables organizations to tap the diverse Knowledge base of virtual team. Learning from past experiences as well as the Knowledge repository provides strong inputs for business intelligence which enhances decision making and productivity.
Your email address will not be published. Required fields are marked *