1. MODEL OF VIRTUAL ORGANIZATION IN
INTERNATIONAL TRADE AND
LOGISTICS
Submitted By – Rameez Mansuri
Student ID- 20233783
2. CONTENTS
1. Objective, Aim and Task
2. Structure of the Thesis
3. Research Methodology
4. Business Model Elements of Vo
5. Conclusion
3. Scientific Problem
The creation of virtual models for international trade
and logistics involves the development of complex
systems that simulate the intricate dynamics of
global economic interactions.
While existing models provide valuable insights,
there are several scientific challenges that need to
be addressed to enhance the accuracy, realism,
and applicability of virtual models for international
trade
4. AIM & TASKS
Topicality: The structured analysis in this thesis provide immense insight which would
benefit business personnel to frame strategies pertinent to the most significant criteria
impacting customer satisfaction for the overall development of virtual business system in
international trade.
Aim: To create Model of Virtual Organization in International Trade and logistics
Tasks:
• To make analysis of scientific literature in field of virtual organizations;
• To make analysis of ICT in virtual business;
• To arrange research of virtual business specifics;
• Taking into account results of scientific literature analysis and research results to
create Model of Virtual Organization in International Trade.
5. STRUCTURE OF THESIS
• First part consists of
scientific literature
analysis.
Part-1
• Second part consist
of methods of
research and contains
analysis of different
models.
Part-2 • Third part
contains new
created model
and give some
suggestion to
improve existing
models.
Part-3
6. RESEARCH METHODOLOGY
Evaluation of ICT Usage in Business in Lithuania with Comparison of Other
Countries using MCDM Methods
Multiple-criteria decision-making(MCDM) provides a framework for breaking a
problem into its constituent parts. MCDM provides a means to investigate a number of
alternatives in light of conflicting priorities.
For this research, these methods are used:
• TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution).
• SAW (Simple Additive Weighting).
7. STATISTICS
Every country has their statistics about ICT usage in different business. The approach
provided by this research include some methods for multicriteria decision support by
applying SAW and other methods.
On the case study we demonstrate the evaluation of ICT usage in business in Lithuania
with comparison of other countries. The SAW method provide the structure of decision
making which can help us to evaluate the usage of ICT in business.
YEAR 2013 2014 2015 2016 2017
LITHUANIA 23.6 20.16 20.25 16.79 22.86
AUSTRIA 18.6 24.28 21.06 23.4 21.78
DENMARK 28.67 30.4 30.28 31.91 32.5
HUNGARY 16.27 17.34 16.11 19.72 19.92
GERMANY 13.38 13.64 13.46 17.34 22.02
8. STUDY TO ASSESS THE PECULIARITIES OF
END CONSUMER’S SATISFACTION
Customers assumes a tremendous role in the enhancement of internet. Group could be
utilizing the very best e-commerce foundation of the choice of theirs.
9. TO BE CONTD….
As we saw from the survey customer feedback for each of these e-commerce platform Is so
much important for both consumer and company. These customer feedbacks for the online
store’s improvement. Offering amazing online experience that keeps them coming back and
referring friends, no doubt it’s the best way to stand apart from the competitors.
10. BUSINESS MODEL ELEMENTS OF
VO
Customers Value Network Value Exchange
Relation/ Ties
Partners
VALUE CAPTURE
NETWORK GOVERNANCE
Driven by business
Opportunity
Complementarity
Adaptation
Dynamic
Participation
Sharing resources
Automation
Polymorphism
Flexibility
VE Characteristics
Customer
Needs
Value
Proposition
Roles
Core
Competences
Actors
Partner
Evaluation
Criteria
Definition
VE Key Activities
Technology
Supporting
Shared
Information
Shared
Resources/
Activities
Cost Revenue
Flows Of
Information
Security
Policies
KPI Network
Performance
Benefits
Sharing
11. ANALYSIS OF DIFFERENT VIRTUAL
BUSINESS MODELS IN
INTERNATIONAL TRADE
Business to Business - Amazon
Business to Consumer - Uber
Consumer to Consumer - OLX
Consumer to Business - Shutterstock
For the better understanding these models I did case study of some different
kind of virtual organizations and analysed their working strategies and got to know
about their pros and cons. Which helped me a lot to create my model.
13. TO BE CONTD….
In the model, both the sourcing and the delivery are done by the local and their
neighboring retailers. Sellers can register then these sellers list and sell their products on
website. This strategy helps in lowering logistics costs and cutting down the warehouse
charges as model does not require a warehouse for operation. The second thing I have
focused is Digital wallet. It is advantageous for the customers to use e wallets for fast and
reliable payment. The third thing I have focused in the model is customers satisfaction.
14. CONCLUSION
1. Virtual organization is turning into a strategic characteristic relevant to any
business without actual physical, geographical, or structural constraints.
2. By the assessment of ICT utilization in Lithuania in correlation with alternate
nations, we can know how Lithuania has a feasible advancement in all
organizations by actualizing ICT in little and medium measured ventures.This
exploration could help to form strategies of increasing ICT usage in Lithuania and
encourage the grow virtual business.
3. Creating competition advantage using core competencies, reducing costs, and
meeting customers’ expectations faster, are the main reasons behind the common
preference of virtual organizations.
4. The structured analysis in this thesis and the created model provide immense
insight which would benefit business personnel to frame strategies pertinent to the
most significant criteria impacting customer satisfaction for the overall
development of e-commerce systems with the development of the business
personals too.
The VO is defined in many different ways, from a team within a single organisation, to a web company where different organisational partners combine resources and work mainly with ICT However, several aspects are put forward in most literature: (a) an organisation with no physical location; (b) an organisation with a high fluctuation of the workforce; (c) an organisation that combines competencies from several organisations and (d) an extensive use of ICT in order to communicate and co-operate between the geographically dispersed members. Especially the use of ICT is discussed in a large amount of literature to extend possibilities for the way in which activities are organised over time, geographical space and organisational boundaries .a virtual organisation is valuable because it reduces time, costs and risks and increases product service capabilities and relationships. The VO is defined as a co-operation of independent partners who combine their knowledge and skills in order to fulfil a certain goal, in the form of research or a product , There is still no consensus in literature about a single definition of a virtual organisation .The VO is viewed as rather effective and flexible, however, on the other hand virtuality implies several negative aspects like work overload, social loafing, and a low commitment
knowledge management in today’s new emerging forms of organizations i.e. virtual organizations. As discussed, because of the globalization, today’s organizations need to transform from traditional industrial enterprises into the modern post-industrial ones, which contributes to the flexibility and innovativeness of them. Thus, they should focus on knowledge sharing among personnel and their partners which helps organizations to adapt themselves to the rapid environmental changes and to achieve superior performance.
knowledge management is about getting knowledge from those who have it to those who need it in order to improve organizational effectiveness. In the information age, knowledge rather than physical assets or financial resources is the key to competitiveness. In essence, as pointed out by [29], “Knowledge management allows companies to capture, apply and generate value from their employees’ creativity and expertise.” Moreover, because of the special structure of virtual organizations, creating, sharing and managing knowledge in such organizations need to be understood by managers to provide competitive advantages.
it is inferred that the importance of virtual organizations is growing in global business world. Thus, the ability of organizations to create, transfer and manage knowledge faster and easier than competitors becomes critical important issue. [27] introduced five factors, which show the importance of knowledge management for virtual 26 organizations; as follows: (1) Competitive advantage, (2) Technology, (3) Organizational change, (4) Decision making, (5) Workforce demographics
This paper attempted to describe knowledge management in virtual organizations and clarified that it leads to the competitive advantages of organizations. The current paper illustrated how information and communication technologies integrate various partners and make them operate as an integrated system. Although providing a foundation, future researches (both theoretically and empirically) are needed to build, augment, and refine this issue.
Key partner is essentially your network of partners and suppliers which enable you to achieve your Key Activities and provide your Value Proposition.
Key resources are the main assets required for a successful business model. Like your Key Activities, Key Resources enable a business to deliver their Value Proposition, reach markets, nurture Customer Relationships and create revenue. Your Key Resources depend entirely on the type of business you have. They can be owned or rented by your company, or obtained from Key Partners
