In today’s corporate world an increasing number of companies and organizations are scheduling & conducting their meetings and trainings though online platform. The prime advantage of this latest development is that it helps companies to curtail its expenditure and the disadvantage can be in form of protest by company personnel against the quick decisions taken through such virtual meetings and the advantage clearly triumph over disadvantage.
On the one hand, conducting virtual meetings and trainings enables organizations to save on travelling and other related expenses. With the technological development, official meetings and training and developments no more requires physical presences thereby helping companies achieve their cost control measures. These funds can be utilized by business houses to promote themselves and advertise its products and services and this will eventually help in increasing company’s revenues and profits. For instance, a recent survey by economic times states that over 50% of CEOs now prefer meetings though video conferencing. Therefore, online meetings and trainings are proving to be advantageous for organizations.
On the other hand, virtual meetings and trainings lacks physical interactions. In other words, such meetings sometimes results in lack of co-ordination wherein there may be an instance when one or more board members or key managerial personnel may not be available in case of any urgent meeting any they may later protest against the decisions taken these meetings. To quote an instance, one of the independent directors of a leading real estate firm openly revolted against one of the company’s decision since he was not the part of original decision making team. Hence, at time virtual meetings can be disadvantageous for the organization.
To conclude, although lack of physical presence may be a disadvantage in virtual meetings, however, the advantage of cost savings achieved due to online meetings and trainings far outweighs the disadvantage.
In
today
’s corporate world an increasing number of
companies
and organizations are scheduling & conducting their
meetings
and
trainings
though online platform. The prime advantage of this latest development is that it
helps
companies
to curtail its expenditure and the disadvantage can be in form of protest by
company
personnel against the quick
decisions
taken through such virtual
meetings
and the advantage
clearly
triumph over disadvantage.
On the one hand, conducting virtual
meetings
and
trainings
enables organizations to save on travelling and other related expenses. With the technological development, official
meetings
and
training
and developments no more requires physical presences thereby helping
companies
achieve their cost control measures. These funds can
be utilized
by business
houses
to promote themselves and advertise its products and services and this will
eventually
help
in increasing
company’s
revenues and profits.
For instance
, a recent survey by economic times states that over 50% of CEOs
now
prefer
meetings
though video conferencing.
Therefore
, online
meetings
and
trainings
are proving to be advantageous for organizations.
On the other hand
, virtual
meetings
and
trainings
lacks physical interactions.
In other words
, such
meetings
sometimes
results in lack of co-ordination wherein there may be an instance when one or more board members or key managerial personnel may not be available in case of any urgent
meeting
any they may later protest against the
decisions
taken these
meetings
. To quote an instance, one of the independent directors of a leading real estate firm
openly
revolted against one of the
company’s
decision
since he was not the part of original
decision making
team.
Hence
, at time virtual
meetings
can be disadvantageous for the organization.
To conclude
, although lack of physical presence may be a disadvantage in virtual
meetings
,
however
, the advantage of cost savings achieved due to online
meetings
and
trainings
far outweighs the disadvantage.