benefits vs. challenges of multinational virtual teams
benefits: reduces problems such as stereotyping, personality conflicts, and power politics, the ability to work around the clock, cohesive team can quickly solve complex problems and make effective decisions
Challenges: difficulties with communication, problems with establishing trust between members
3 factors to manage a global team
culture, communication, trust
4 management approaches
outcome control: measure and regulate outcomes sough
behavior control: specify the procedures to be followed by employees
clan control: implement a set of values with reward or punishment that are in conformity with the values
self-control: individuals set goals and are monitored to achieve goals
What is organizational culture and what is it made of
Organizational culture: shared values, beliefs enabling members to understand their roles and the norms of the organization including:
What are the 4 organizational cultures in MNCs? describe each
4 phases of corporations: