Lessons from Cutting Edge Research on Gender Diversity
Introduction Statistics show that only 49 percent of all Fortune 1000 companies have women on their senior management and that too restricted to one or two of them. This is also the case with 45 percent of boards that have minimal presence of women on the boards. However, recent cutting edge research has shown that […]
Management Skills – Leadership Skills for Efficient Functioning of an Organization
The success and failure of an organization is directly proportional to the effectiveness of the management. The superiors must share a healthy relationship with the employees for them to deliver their level best. Leaders need to acquire certain skill sets for an efficient functioning: Management needs to be impartial towards its employees. Rules and policies […]
Toxic Workplaces, the Harm they do, and how Organizations can Avoid Becoming One
What are Toxic Workplaces and what Characterizes Them? Workplace culture is very important for organizations to bring the best out of their employees. Workplace culture is also important for employee engagement and employee productivity. Indeed, without an enabling workplace culture, employees would be demoralized and demotivated to work and this results in organizational atrophy and […]
Types of Reinsurance Buyers
Many experts tend to look at reinsurance as a homogenized industry. The idea is that reinsurance companies sell insurance covers to commercial insurance companies. Many experts assume that since all cedant insurance companies are commercial in nature, they have similar needs for reinsurance. However, this is not the case. The market for reinsurance is not […]
The Ethical Imperative and the Importance of Values
What Happens when Senior Management is Itself Unethical It is often the practice in organizations that whenever new recruits are being on-boarded, they are required to attend sessions on ethics and values. These sessions cover the need for ethical and transparent behavior by the employees and usually, someone from the compliance team or the senior […]
Return on Investment is a popular analytical tool which is used to measure the benefits relative to the cost. There is an ongoing debate in the business world on which is better – co-located or virtual teams. Though there is no black and white answer to this question. But the key lies in carefully assessing the business situation and matching the right type of team. Applying ROI to the virtual team context is a challenge because it is not possible to assign monetary values to each of the benefit and cost factors. For the purpose of this discussion we have identified certain relevant costs and benefits factors of virtual teams as well as we have considered backward-looking or retrospective ROI which measures the value of the impact of team’s activities once completed.
Keeping in mind the current hyper-competitive market, it is impractical to solely rely on either co-located or virtual teams for doing the work entirely. On the actual grounds, organizations divide the work wherein some part is done by co-located members and some of it by virtual team members. This helps them to enjoy the easy & faster coordination of co-located teams as well as innovation & best practices learning from virtual members. ROI measurement comes as a handy tool for leaders and managers to take decisions related to alignment of team outputs with strategic intent as well as allocate resources accordingly to reap maximum benefits.
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