Corporate culture as the social foundation of strategic management of virtual teams
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Author(s)Olena BielovaLink to ORCID Index: https://orcid.org/0000-0001-9359-6947
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Oleksandr BielovLink to ORCID Index: https://orcid.org/0000-0002-4976-5501
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DOIhttp://dx.doi.org/10.21511/slrtp.13(2).2023.05
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Article InfoVolume 13 2023, Issue #2, pp. 42-52
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4 Downloads
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Creative Commons Attribution 4.0 International License
The article explores the features of corporate culture as a social basis for managing virtual teams in the context of modern digital transformation and globalization. It considers the role of the corporate culture of organizations in the context of managing virtual teams. The importance of effective mechanisms of corporate culture in maintaining work productivity, motivation, professional and personal development, and cohesion of employees in virtual teams, where the actual presence of the employee in the office is minimized or absent, which causes many risks and challenges, is determined. The study highlights important aspects of corporate culture, such as the social foundation of strategic management of virtual teams and, in particular, its influence on communication, coordination, trust, and adaptation of new employees in remote work conditions. An analysis of the role of strategic management for virtual teams of organizations and the role of corporate culture was carried out, and its advantages and disadvantages were highlighted. To overcome the key risks and challenges of working with virtual teams, taking into account the specifics of their functioning, the key principles of forming an organization's corporate culture are proposed. The article reveals how corporate values help overcome cultural barriers and ensure effective cooperation in multinational teams. Special attention is paid to the issue of forming an optimal scheme for the gradual formation and development of the organization's corporate culture, with an emphasis on the criteria for evaluating the effectiveness of the culture, as well as on the need to develop communication strategies, taking into account the specifics of the work of virtual teams. The article emphasizes the importance of developing new tools and approaches to support the motivation of inclusiveness and ethical standards in the development of corporate culture for members of virtual teams of the organization, which is a real challenge of today's organizations in crisis and unstable conditions.
- Keywords
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JEL Classification (Paper profile tab)М12, 031, 010
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References15
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Tables1
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Figures2
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- Figure 1. Key principles of successful development of corporate culture as a social foundation of strategic management of virtual teams
- Figure 2. A step-by-step scheme of corporate culture formation as a social foundation of strategic management of virtual
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- Table 1. Advantages and disadvantages of a strategic approach and corporate culture in managing virtual teams
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The impact of COVID-19 on the transportation and logistics industry
Dalia Perkumiene ,
Agbonmere Osamede ,
Regina Andriukaitienė ,
Olegas Beriozovas
doi: http://dx.doi.org/10.21511/ppm.19(4).2021.37
Problems and Perspectives in Management Volume 19, 2021 Issue #4 pp. 458-469 Views: 6533 Downloads: 10195 TO CITE АНОТАЦІЯIn this present age of globalization, the logistics and transportation industry has become an integral part of most businesses/firms as it is aimed at ensuring the effective movement of people, distribution of goods and services from one location to another on time. Therefore, this paper aims to analyze the impact of COVID-19 on the logistics and transportation sectors. The qualitative research approach was adopted using analysis and synthesis of scientific literature, data from news reports, organizational sites, and a case study of data contents. The paper presented the analysis of negative and positive effects of COVID-19 on the logistics and transportation industry. The study also discusses possible strategies and further steps for improvement of the logistics and transportation sector, including the automation and introduction of other technologies, a sustainable and flexible transportation system, cooperation of logistics and transportation business. Findings regarding the positive implications of COVID-19 show noticeable advancements in the logistics and transportation sector, such as the rise of e-commerce businesses with efficient delivery options, and the development of 3rd party logistics services as more companies outsource supply chain operations. The study revealed the importance of strategic planning with a joint effort from the research centers, public sector, private sector, and educational institutions as one of the proposed solutions for the logistics and transportation industry.
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Human resource management in promoting innovation and organizational performance
I Gede Riana ,
Gede Suparna ,
I Gusti Made Suwandana ,
Sebastian Kot 
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Ismi Rajiani
doi: http://dx.doi.org/10.21511/ppm.18(1).2020.10
Problems and Perspectives in Management Volume 18, 2020 Issue #1 pp. 107-118 Views: 3556 Downloads: 851 TO CITE АНОТАЦІЯHuman resource management (HRM) is one of the elements enabling an organization to remain competitive in turbulence conditions. The effective practice of HRM makes competent and innovative employees contributing to the achievement of organizational objectives. This study aims to analyze HRM practices in creating innovation and organizational performance. The questionnaire was used to measure the respondents’ perceptions of variables used by a Likert scale. A survey of 126 manager samples and middle managers at export-oriented short and medium enterprises (SMEs) in Bali, Indonesia, was conducted to test the model. The analysis has shown that the proposed model was proven to be compliant with the research hypotheses. HRM significantly affects organizational performance and innovation, and it was found out that innovation can improve organizational performance. However, in the process of simultaneous testing, it was found out that innovation cannot improve organizational performance. The lack of attention to investments in human resources became one of the barriers to SMEs in creating innovation.
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The role of Fintech in predicting the spread of COVID-19
Mohannad Abu Daqar ,
Milan Constantinovits ,
Samer Arqawi ,
Ahmad Daragmeh
doi: http://dx.doi.org/10.21511/bbs.16(1).2021.01
Banks and Bank Systems Volume 16, 2021 Issue #1 pp. 1-16 Views: 2746 Downloads: 939 TO CITE АНОТАЦІЯThis study aims to investigate the role of Fintech in predicting the spread of COVID-19 based on consumers’ Fintech perceptions and behavior before and after the outbreak of COVID-19. The study used a questionnaire-based survey distributed in different countries of the world using the LinkedIn platform for this purpose to reach the targeted population. The snowball sampling technique was used. The study targeted consumers with Fintech experience, especially in digital payments services. 507 samples were retrieved. For the analysis, the Structural Equation Modeling (SEM) was used. The study revealed novel results in predicting COVID-19 spread; these three variables (Fintech Behavior before COVID-19, Fintech Behavior after COVID-19, and Fintech Perception after COVID-19) could predict 52.5% of the variance in the dependent variable (COVID-19 Spread) (R² = 0.525, p < 0.05). The findings show that Higher Fintech perception and behavior among Fintech users will help in reducing the spread of COVID-19 by avoiding the use of contact payment methods. Contactless payment methods are the main tools in Fintech that might help in avoiding the probability of COVID-19 spread. Consumers’ Fintech perceptions and behavior are the most influencing factors that could predict the spread of COVID-19 in this study, where digital payments are the main concern. It is recommended that consumers adopt digital payment methods and tools, especially contactless payment methods, to fulfill their financial services. Other researchers are also encouraged to use the same model to predict the spread of this virus in the Fintech context.
