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MBA- IV Sem
UNIT - II
An industry that is known for its use of partners and alliances is the
entertainment industry, which has partnered with the computing,
communications, consumer electronics, and publishing industries to convert
movies, textbooks, and other software into digital formats.
Corning, the glass and ceramics maker, is one such firm known for making
partnerships work to their advantage. Corning has partnered with firms like
Siemens, Germany's electronics conglomeration, and Vitro, Mexico's largest
glassmaker. Alliances are so important to Corning's business strategy that the
corporation has defined itself as a network of organizations.
Abilitytoovercometime& Lackofproperutilizationof 23
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13 Compiled By S.Suresh Kumar,Asst.Prof.FMS,SSTC
ADVANTAGES
Saves time and travel expenses.
Provides excess to outside experts, without down time and travel or logging
expenses.
Ability to organize in teams even if members are not in reasonable proximity to
each other.
Firms can expand their potential labour markets. They can hire and retain the
best people irrespective of their physical locations.
Employees can accommodate both personal and professional lives.
Employees can be assigned to multiple concurrent teams.
Dynamic team membership allows people to move from one project to another.
Team communication and work reports are available on-line to facilitate
swift responses to the demands of a global market.
Virtual teams are able to work even when they are miles apart. People
who never get a chance to meet each other face-to-face can also work in virtual
teams.
Comparative Approach
Outside Authority Approach
Statistical Approach
Compliance Approach
MBO Approach
Pre-audit Pre-audit
Information Self-assessment
On site
Review
HR Comparison
Functions
Outside
Authority
Managerial HR Audit
Compliance Statistical Research Report
Employee Compliance
Satisfaction
MBO
Corporate
Strategy
Feedback