The Use of the Second Life Virtual Environment and Other Social Media Essay

The Use of the Second Life Virtual Environment and Other Social Media for Teamwork - Essay Example This research will begin with the statement that the continuous development of technology worldwide has led businesses to invest a significant amount of money in order to keep their IT to a high standard. Moreover, it seems that technology has become a necessary tool for developing a wide range of organizational activities, particularly in regard to the communication of each business with its customers. The potentials of the Second Life as a tool for the development of team meetings and activities are examined and analyzed in this paper. A comparison is also made with other forms of social media used by organizations in various industries. The risks and challenges of social media as tools for organizing team meetings and activities are mostly related to the failures in the management of the relevant IT systems, i.e. this is an issue of faults in the organizational structure and control. The use of IT systems for organizing business activities has been a common practice in markets wor ldwide. In order to understand the role of Second Life virtual environment for specific business tasks, including the development of team meetings and activities, it would be necessary to describe the context of such environment. In accordance with Lehmann-Grube, the virtual environment (known also as the virtual world) is ‘asynchronous, persistent network of people, represented as avatars, facilitated by networked computers’. The Second Life is a virtual world incorporating most of the facilities available in real worlds, such as ‘businesses, recreation, buildings, and services’. The Second Life virtual environment has become particularly popular among businesses, especially regarding its potentials to offer a cost-effective and well-organized platform for training and team working.

Assignment Essay Example | Topics and Well Written Essays - 500 words - 37

Assignment - Essay Example The first one is receiving computer print outs and records. The next step is the collection of ship and money. This is achieved through two ways; one is by bidding auctioned ship. This is followed by buying and selling ship during the auctions. The other potion is placing orders for construction of new ships. After that, the company now uses the existing record to calculate the size of the fleet. The available ships are then allocated to the different fishing areas and placed on the game board. Finally, the decision sheet is submitted to the operator. In ensuring that a fishing company gets the best form each transaction, it has to make crucial decisions. This is the reason to whether it needs to keep its fleet at its current size or expand it. In cases of expanding the fleet, decision has to be made at to whether the new ship should be acquired through bidding in an auction or ordering new ships to be constructed. In this experiment, the focus as on selling the fish cash at $ 20 per fish. The main expenses incurred were form buying ship form auctions and ordering the construction of new ones. The company also operated ship fleet in different fishing area which required additional maintenance costs. The ship sent to the deep sea made considerable greater returns in terms of the size of the fish catch compared to the coastal bank. The company ensured that it made great profits by maintaining low initial bank balances. From the decision sheet provided, it can be observed that the number of ships that remained in the harbor were hig her than the number of ship sent into deep sea or the coastal harbor. This shows that the company was not able to utilize its resources fully in order to get the maximum assets. At one point, there was only one ship sent to the deep sea while the rest 18 were at the harbor. This ensured that it got a great fish catch by maximally utilizing the existing resources. The great catch was also as a result