Learn- VIRTUAL ORGANIZATION (for MBA Students)

Learn- VIRTUAL ORGANIZATION (for MBA Students)

Q1. Define Virtual organization?

* Virtual organization is also known as virtual corporation or virtual memory.
* Virtual memory is the most important used in Information technology.
* An organization that uses it to link people, Assets and ideas.



Q2. What is the feature of successful Virtual organization?

* Adaptability of changing business environment.
* Opportunism- ability to exploit opportunities.
* Excellence.
* Technology.
* Border less.
* Trust based.


Q3. Why people form a virtual company?

* Share infrastructure and risk.
* Link core competencies.
* Increase facilities and market coverage.
* Gain access to new market and share market.
* Migrate from selling products to selling solutions.


Q4. Define knowledge management system?

* Knowledge management system is build to manage organizational learning.
* The goal of knowledge management system is to help knowledge workers where-ever it is needed in an organization.
* It includes processes, Procedures, Reference, works, formulas, forecasts etc.
* Key technologies: - Intranet, Internet, Groupware, Discussion forums, video-conferencing.
* It facilitates organization learning and knowledge creation.
* It is also known as adaptive learning system.
* Knowledge management system create cycle of organizational learning called learning loops where the creation, dissemination and applications of knowledge products an adaptive learning process with in a company.

Q5. Define Discussion forums?

* It encourages and manages discussion by members of a project team.
* Team members can ask for and make comments, post message, brainstorm, review documents, vote and make decision online.


Q6. Define Information Resource Management?

* Information Resource Management is an Information system management concept that organizes the management and mission of the Information system function into 5 dimensions:-

1. Strategic management.
2. Operational management.
3. Resource management.
4. Technology management.
5. Distributed management.


Q7. Define the different dimensions of Global information technology management?

* Major dimensions of Global IT management are:-

1. Business/ Information technologies strategies.
2. Application Port folios.
3. Technology platforms.
4. Data management.
5. Systems Development.


Q8. Define Global Company?

* A global company is a business that is driven by a global strategy, which enables it to plan and treat all of its activities in the context of a whole world i.e. global system and therefore serve its ‘Local’ and global customer with excellence.



Q9. Define System development strategies?

* Transform application used by home office into global operations.
* Setting up a multinational development team with key people from several subsidiaries to ensure that the system meets the need of local sites and headquarters.
* Parts of the system are assigned to different subsidiaries and home office to develop at same time (Parallel Development).
* An entire system may be assigned for development to a particular subsidiary based on their expertise (Center of Excellence).



Q10. Define basic steps towards becoming a global company?

* Global mind set: - Train the employees.
* Local: - Be a complete local company in every country.
* One system: - Operate the company as one networked integrated system.
* Human Resources: - Make full use of superior local brains & talent in every place.
* Information and knowledge based: - Create a Information and knowledge based organization so that organization can be fast, flexible, Innovative.


Keywords:- Virtual Organization, virtual company, knowledge management system, Discussion forums, Information Resource Management, Global information management, Information system, Management Information system.