Week 5 learning team integrative problems and virtual organization
Option 1: The organization could invest in new technology and equipment to increase its production capacity.
Option 2: The organization could hire additional staff to increase its production capacity.
Both of these options have the potential to help the organization increase its production capacity, but each has different advantages and disadvantages that should be considered when making a decision. Option 1 may provide more immediate results if the right technology is invested in, as it can be used immediately to boost productivity. However, this option requires a significant upfront cost and may require specialized training or expertise to properly use the new equipment. Option 2 provides less of an upfront cost and can often be implemented more quickly than option 1 since no new technology needs to be acquired or set up; however, there are ongoing costs associated with hiring additional staff, such as salaries and benefits. Additionally, it may take some time for newly hired personnel to become fully productive members of the team.
Based on these considerations, it is recommended that the organization choose a combination of both options – invest in appropriate technology while also hiring additional personnel – in order pursue both short-term and long-term gains from increased production capacity. This strategy ensures that any investments made will result in measurable improvements over time as well as providing immediate benefits from greater staffing capabilities.