UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...
UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...
UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...
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Introduction<br />
Business, trade and industries have become global in character. The place and<br />
spread <strong>of</strong> MNCs are felt in every part <strong>of</strong> the world. India and China are rated high as fast<br />
developing global business powers. <strong>HRM</strong> issues and practices are assuming universal<br />
character with a need for adaptation.<br />
VIRTUAL ORG<strong>AN</strong>IZATION<br />
The emerging HR trend in virtual organizations is both a challenge and opportunity<br />
to HR experts. The ready availability <strong>of</strong> information networks, e-mails and portable<br />
telephones is seen as accelerating the “Virtuality’ <strong>of</strong> work. A virtual organization is a<br />
networ <strong>of</strong> corporations made possible by Information and Communication Technology<br />
(ICT), which is flexible and comes to meet the dynamics <strong>of</strong> the market. In this way the<br />
virtual organization gains benefit with regard to the traditional hierarchical systems. This<br />
form <strong>of</strong> organization is also called as network organization or digital organization.<br />
The virtual organization is a social network in which all the horizontal and vertical<br />
boundaries are removed. It consists <strong>of</strong> individuals working out <strong>of</strong> physically dispersed<br />
workspaces, or even individuals working from mobile devices and not tied to any<br />
particular workspace.<br />
The ICT coordinates the activities, combines the worker’s skills and resources in<br />
order to achieve a common goal. There is a creation <strong>of</strong> network relationship that allows for<br />
contracting, manufacturing, distribution, marketing or any other business function. In a<br />
virtual organization, a small group <strong>of</strong> executives oversee directly any activities that are<br />
done in-house and coordinate relationships with other organizations.<br />
CHARACTERISTICS<br />
Characteristics <strong>of</strong> virtual organization are<br />
� Power flexibility<br />
� Informal communication<br />
� Flat organization<br />
� Multidisciplinary teams<br />
� Goal orientation<br />
� Dynamics<br />
� Homework