Virtual Management at Accenture

Q1) What are the advantages of working in a virtual environment like the one created by Accenture?what are the disadvantages?
Ans: As every coin has two sides,virtual environment also have advantages and disadvantages. The advantages are as follows:
1)One can easily share and gather information from any place of the world.
2)It becomes easy to remain in contact with the clients if you are at a distance place.
3)The cost of headquarters and formal branches is totally Zero.
4)You get more exposure in such environment as you have to travel continuously from one place to another.
5)We can easily access to global conferences.
6)Speed and reliability is more in such environment.
Disadvantages are as follows:
1)It's difficult to setup a global phone conference due to different locations and time zones around the world.
2)Lack of motivation among employees as face to face contact is not possible.
3)There is chance of system breakdown which will result into heavy loss and loss of information at times.

Q2) Would you like to work in a company like Accenture?Why or why not?Explain your answer.
Ans: Yes, definitely i would like to work with a company who is providing a virtual environment. Due to this i would get more exposure globally,it would be easy to share and gather information,high salary will benefit more to me and knowledge of technology on continuous basis will update me for my bright future.

Q3) What kinds of companies could benefit from being run virtually like Accenture? Could all companies be run virtually like Accenture?
Ans: Companies whose major part of their working depends upon outsourcing,technology and consulting, who has workforce diversity and companies who provide their customers value based quality services with shared knowledge through internet would be benefited.
No, all companies can't be run virtually because it requires excellent information technology which might not be affordable by everyone, large workforce diversity is needed with quality and knowledge,continuous upgradation of technology and employees so that they can cope-up easily.

Q4) According to Accenture, how does information technology help create high-performance organization?
Ans: There was broad consensus that IT should be viewed as a strategic investment, with the IT team seeking to drive value creation, while making the enterprise more cost-efficient through consolidation and integration.
Accenture found a strong link between high performance in IT and a business's achievement of high performance:
1)Chief executives increasingly include high-performance IT among their strategic imperatives.
2)The IT budget is seen as an opportunity to invest in innovation, rather than simply allocating spend.
3)IT executives tend to base strategic decisions on what is good for the whole business rather than simply on what is good for IT.
4)The majority of IT executives (87 percent) believe that IT adds an important strategic capability, rather than merely being a support function.
As the strategic importance of IT grows, so will the need to monitor its contribution with metrics set to receive investment in the future.

Information technology

Information technology ('IT), as defined by the Information Technology Association of America (ITAA), is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware."[1] IT deals with the use of electronic computers and computer software to convert, store, protect, process, transmit, and securely retrieve information.
Today, the term information technology has ballooned to encompass many aspects of computing and technology, and the term has become very recognizable. The information technology umbrella can be quite large, covering many fields. IT professionals perform a variety of duties that range from installing applications to designing complex computer networks and information databases. A few of the duties that IT professionals perform may include data management, networking, engineering computer hardware, database and software design, as well as the management and administration of entire systems.
When computer and communications technologies are combined, the result is information technology, or "infotech". Information Technology (IT) is a general term that describes any technology that helps to produce, manipulate, store, communicate, and/or disseminate information. Presumably, when speaking of Information Technology (IT) as a whole, it is noted that the use of computers and information are associated. Hasan Kanjee of UofT stated that Information Technology is a vital part of business thus will continue to grow in the future