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Maximizing team performance by reducing impact of virtuality |
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Virtual Distance International |
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Press Release |
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New York, New York, March 8, 2006 – Mr. John Cassimatis, Managing Partner of VantagePoint Consulting Group (VPCG) and Dr. Karen Sobel-Lojeski, CEO of Virtual Distance International (VDI) announce the formation of an alliance between the two firms to assist companies in reducing the inherent organizational and team inefficiencies of working in increasingly virtual environments. Virtual Risk™ is a new concept developed by Virtual Distance International that is of critical importance to all organizations moving to distributed work models. VDI’s research has shown that the globalization and ‘virtualization’ of corporations can carry along with it a corresponding increase in the risk of failure, or at least, poor performance due to a factor VDI has labeled, Virtual Distance™. Virtual Distance™ is the perceived distance between two or more individuals, groups or organizations experienced in an environment where the dominant interaction between co-workers and team members is not face-to-face. VDI’s research has shown that Virtual Distance™ can be accurately measured and is significant in explaining the organizational inefficiencies that arise from heavy reliance on virtual interactions. “As productivity pressures continue to mount, exceptional performance from dispersed global teams has become critical to the success of most companies. Heavy reliance on computer mediated and other electronic communication can pose challenges for managing diverse, distributed teams”, says Dr. Karen Sobel-Lojeski, CEO of Virtual Distance International. “Unless properly managed, Virtual Distance™ can drive a wedge between individuals and teams, hampering productivity and confounding efforts to meet aggressive performance targets.” VantagePoint Consulting Group, LLC has teamed with Virtual Distance International to assist companies to effectively manage Virtual Risk™. “Virtual Distance™ and, consequently Virtual Risk™, are becoming pervasive problems in 21st century organizations”, says John Cassimatis, Managing Partner of VantagePoint Consulting Group, LLC. “By measuring the degree of Virtual Distance™ in an organization or project team we can assist companies in developing and implementing comprehensive strategies to minimize its impact, improve overall performance and reduce Virtual Risk™.” About Virtual Distance International: Virtual Distance International is a research-based management consulting firm based in New York City. Virtual Distance International was established to provide advisory services and software solutions to global organizations using technologically mediated collaboration and virtual teams. Its services include assessment, advisory, and training services that help companies manage emerging issues impeding the success of high performance organizations. About VantagePoint Consulting Group: VantagePoint Consulting Group, LLC is a Flemington, New Jersey based management consulting firm dedicated to helping companies develop solutions to their most pressing business issues and achieving measurable, sustainable results. VPCG offers a wide range of consulting services including strategy formulation and implementation, business process improvement, information technology effectiveness, organizational development, and change management. VantagePoint’s clients range in size from Fortune 1000 multinational corporations to mid-size companies.
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March 8, 2006 VantagePoint Consulting Group, LLC and Virtual Distance International Join Forces to deliver Virtual Risk Management Services |
