Concept Paper Research Example | Topics and Well Written Essays - 2250 words

Concept - Research Paper Example Running head: Signature Assignment Concept Paper Submitted to Northcentral University Graduate Faculty of the School of Business and Technology Management in Partial Fulfillment of the Requirements for the Degree of DOCTOR OF BUSINESS ADMINISTRATION By Felix J. ... Introduction Dynamism in management that has led to environmental features such as globalization, flattened hierarchy, increased regulatory scrutiny, and fragmented enterprises identifies the importance of Virtual management tools in any business organization. An insight into virtual management tools and their significance therefore facilitates an understanding of the current and future state of project management. Team players can for example use several collaboration tools to overcome decentralization challenges and to support team collaboration and sharing of ideas towards ensuring successful project implementation. The use of virtual management tools, in addition to creating a contemporary type of project management, identifies potential challenges that may arise during project implementation especially in an oil-producing environment. Applied tools in an oil-producing environment should for instance aid development of exceptional leadership qualities, highly performing team play ers, clarity of methodology and knowledge at the point of exploit. A good example is the installation and use of real time sensors that offers a proactive approach to asset management in an oil producing company. Literature Review Virtual management tools play important roles in coordinating virtual teams towards a cohesive environment. This is because virtual management tools initiates attachment among team members that can either between the members themselves or between a member and the organization. The association among team members is however identified to be more significant in developing cohesion among virtual team members (Ren, et al, 2012). The significance of such a developed level of cohesion among virtual team