MNC Now and Then Essay Example | Topics and Well Written Essays - 500 words

MNC Now and Then - Essay ExampleContemporary MNCs are able to do articulated lorry the challenges with the use of sophisticated technologies, advanced management models, and effective leadership, which will be continued to be prescribe in use even after decades.Many management models and concepts consider human resources as the kernel elements of success. The resource-based view of the firm also emphasizes human resources as oneness of the most critical resources of any firm, which would allow in all employees (Armstrong, 2010). With the advent of virtual team working concept, many practices have been identified and are beingness implemented to effectively manage virtual teams in many multinational companies across the world (Caligiuri, Lepak & Bonache, 2010). Of these, one of the best practices that is being followed currently and can be continued even in future is the practice of enabling individual members of the virtual team to benefit from the team (Caligiuri et al, 2010 p.119). This practice is based on the belief that employees need to be motivated continuously in order to derive greater performance and productiveness from time to time. Employee demand concept has existed ever since the concept of management began, or, maybe, even before that. The need for motivation is a natural psychological and sociological phenomenon that will continue to exist in future too. Hence, it is alpha that employers put in all possible efforts to keep their employees motivated in all circumstances. This becomes even more than important in virtual teams because of challenges such as lack of personal contact, differences in understanding owe to cultural differences, potential technological glitches, etc.In contemporary MNCs, practices that make virtual team members tang belonged to the organization are adopted in the form of rewards and recognition, team meetings through video conferencing, onshore and shoreward learning and working opportunities etc. All these p ractices