TEAM MANAGEMENT

Global Team Management

Global Team Management

Introduction

Globalization is the emergence of transnational companies which are produced in response to the constant relocation of the system that needs capitalist production, new production processes and distributive consumption. Globalization is expanding and relocating geographically having intensive use of technology (Binder, 2007). The purpose of this paper is to enlighten and explore the managerial recommendations for creating an effective global team for a multinational organization. In addition, the paper will focus on the management of teams in the era of globalization with respect to knowledge management, collaboration, and communication.

Management Capabilities and Global Operations Management

With the Globalization of markets, it is possible to exploit more markets in the world. This means that one can have access to more capital and technological resources because imports are cheaper and that export opportunities are expanded. However, markets do not necessarily guarantee that increased efficiency benefits everyone. Therefore, management capabilities play an integral role in the global operations management of a business.

The issues related to multiculturalism and diversity in the multinational companies needs to have managerial considerations because people from different backgrounds are working together in the same company or in the same organization (Vance, 2010). However, the conflicts tends to increase at the work place; thus, in order to avoid interpersonal issues between team members, it is important to understand diversity issues that will help the managers to implement the programs which are designed to keep conflict at the minimum level (Lane, 2004).

The organizations or the multinational companies are facing different kinds of issues related to the global expansions. The crises being faced by the world's economy is creating problems in the development process of the companies. All the economic factors affecting the performance of the companies must be taken into consideration before taking any decision about expanding the company globally (Lane, 2004). This places great responsibility on managers to focus on the key aspects and underlying dimensions of the approach taken towards achieving the corporate goals. Together with the globalization of the economy began to change the whole constellation of values, demanded policies (Brake, 2009). Development of deliberative policy raises the status of organizations and reduces the credibility of volitional decisions of the management. Each country of the world is governed by distinct culture, traditions and norms; hence, the expansion of organizations across national boundaries reveals several hurdles for the corporation (Binder, 2007). There are several cultural and political barriers that hinder the performance and expansion of the organization across national boundaries.

Knowledge Management, Collaboration, and Communication in Effective Team Management

Global team work is an advantage in competition for the global age if implemented effectively, and knowledge is a source of competitive advantage that can help the organizations to improve on the domains of effective team work. The likelihood of success of team work can be improved by utilizing the knowledge management practices (Brake, 2009). The global organizations are striving hard to formulate diverse strategies to manage and control the global teams effectively in order to achieve supremacy ...