Nowadays more and more business meetings and business trainings are taking place online. Does the advantage of this development outweigh disadvantage.

In today’s corporate world an increasing number of companies and organizations are scheduling & conducting their meetings and trainings though online platform. The prime advantage of

this

latest development is that it helps companies to curtail its expenditure and the

disadvantage

can be in f

orm

Suggestion

the form

a form

of protest by company personnel against the quick decisions taken through

such

virtual meetings and the advantage clearly t

riumph

Suggestion

a triumph

over

disadvantage

. On the

one

hand, conducting virtual meetings and trainings enables organizations to save on travelling and other related expenses. With the technological development, official meetings and training and developments no more requires physical presences thereby helping companies achieve their cost control measures. These funds can be utilized by business houses to promote themselves and advertise its products and services and

this

will eventually help in increasing company’s revenues and profits.

For instance

, a recent survey by economic times states that over 50% of CEOs now prefer meetings t

hough

by means of; with aid of; through the act or agency of; "destroyed by fire"

through

video conferencing.

Therefore

, online meetings and trainings are proving to be advantageous for organizations.

On the other hand

, virtual meetings and trainings lacks physical interactions.

In other words

,

such

meetings sometimes results in lack of co-ordination wherein there may be an instance when

one

or more board members or key managerial personnel may not be available in case of any urgent meeting any they may later protest against the decisions taken these meetings. To quote an instance,

one

of the independent directors of a leading real estate firm openly revolted against

one

of the company’s d

ecision

Suggestion

decisions

since he was not the part of o

riginal decision making team.

Suggestion

an original decision making team

the original decision making team

Hence

, at time virtual meetings can be disadvantageous for the organization. To conclude,

although

lack of physical presence may be a

disadvantage

in virtual meetings,

however

, the advantage of cost savings achieved due to online meetings and trainings far outweighs the

disadvantage

.