Question

BUSN 630: Week 5

• Explain the concept of e-collaborations and virtual organizations
• Identify and describe resource sharing and distribution strategies
• Identify and discuss the features of successful virtual organizations
• Identify and describe the role of virtualization in organizational change and transformation

Prompt:

Online banking and financial institutions are two examples of hybrid virtual organizations that are heavily dependent on technology to support B2C and B2B relationships. Select an organization (this is different than the organization you selected for the research paper) and compose an essay, discussing the following:

1. Background of company you have chosen as it relates to the transformation from a traditional business to a hybrid virtual organization.
2. Types of technology used to drive the virtual business operations (3 examples)
3. Future technological advances that may help or hinder the virtual aspect of the business (1-2 examples)

Answer 1

Answer: As HOMEWORKLIB RULES honor code, I am able to solve only four parts of the question. You are requested to repost the prompt so that it could be answered.

Explain the concept of e-collaborations and virtual organizations

E-collaboration:

E-collaboration occurs when two or more entities work together with the use of technology to assist in accomplishing a work goal.

Virtual organisation:

The Virtual Organisation is a flexible network of independent entities linked by telecommunication and computing technologies to share skills, knowledge and access to expertise in non-traditional ways.

Identify and describe resource sharing and distribution strategies

Resource sharing among the virtual organisation takes place between B2C and B2B kind of businesses. The parties involved in the business are usually connected through the technology and interact for the various business and professional purposes over the virtual platform through the use of technology such as an online platform for e-commerce business. Both of these parties share the common platform of technology to conduct the selling and purchasing of the products or services.

Identify and discuss the features of successful virtual organizations

Successful virtual organisations save time; travel expenses and eliminates lack of access to experts. A successful virtual organisation is the one whose intervention leads to the effective conduction of the business among all of the stakeholders of the business and the one that provides highest possible values and features to all of the stakeholders.

Identify and describe the role of virtualization in organizational change and transformation

In order to facilitate the organisational change and transformation, businesses use virtualisation which helps them in reducing capital and operational costs, minimising or eliminating downtime, Increased IT productivity, efficiency, agility and responsiveness, faster provisioning of applications and resources, greater business continuity and disaster recovery and simplified data center management.