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

Was the Marshall Plan an unqualified success Essay

Was the Marshall Plan an unqualified success - Essay Example It also peeps into the state of economic growth in European countries before the commencement of this plan, so as to examine whether or not the Marshall plan was an unqualified success. The economic, social and political state of European countries of had been greatly exhausted as the repercussion of the World War II. Even the most powerful countries, such as Germany, could not escape the devastations of war. The economic growth all over the Europe had stalled and various political factors were hindering the process of economic growth acceleration. Watt illustrates the condition of European countries as, "in the economic field matters were still worse. The economies of France and Germany were in ruins Industrial production was recovering but the volume of exports was nothing like adequate to finance the necessary imports to maintain the rate of recovery. In France and Germany the position was worse still. British recover was far ahead of that in Europe" 1. The desolating economic state did not only hampered the trade and industrial growth of war-striken European countries, but was also threatening for the American capitalism. The United States, rising as the world super power after the World War II, perceived the state of halted trade and investment activities as grievous to its industrial growth. This led the US to devise and implement an aid plan directed towards all the European countries, known as the Marshall plan or the European Recovery Plan. The program was aimed towards driving European cooperation towards enhanced trade, investment and industrial growth, as well as curtailing the political aspects hindering economic stability in the region. Hence, shaping the European economic growth on American foundations. Watt points out that the Marshall plan "was to be a projection of many American ideas and ideals onto a Europe that was in a state of economic and political difficulties"2. The Western Europe, desperately in need of funds and collaboration, quickly accepted the offer and proceeded towards its implementation. Vickers remarks that the "Marshall's speech was welcomed with open arms by all the Western European states, already moving into varying degrees of co-operation"3. Unqualified Success Of Marshall Plan- A Myth Or Reality The Marshall plan is said to have greatly stimulated the economic growth of West European countries after the Second World War. Researchers (such as Mee4 and Wexler5 etc) argue in the favour of Marshall plan to have successfully transformed the course of economic recovery in Europe and led those countries on the track of growth. Wexler goes on to the extent of saying that the Marshall plan was "one of the great economic success stories of modern times"6. Although it is true to the extent that the flow of dollars and US conditions through the Marshall aid accelerated the process of economic and industrial growth in the region, however the plan, exclusively, cannot be termed as an unqualified success in driving this progress. Vickers illuminate this point as, "it is because of the way that the Marshall Plan entered the psyche of post-war politics that there is still a danger of falling prey to the myth of Marshall Aid." 7 The amount of aid provided to the Western Europe during the Marshall plan was not sufficient to the extent that