Analyze organizational processes and procedures in a variety of business settings.

Building a Team Charter This is a two-part assignment, . MT499-2: Analyze organizational processes and procedures in a variety of business settings. MT499-3: Synthesize appropriate principles, concepts, and frameworks for making ethical decisions. Read the scenario. Scenario: A group of angel investors has chosen you and several other entrepreneurial candidates to start and operate a virtual business. The Business will be and Online Retailer like Amazon, or Overstock.com. Our Virtual Online Retail Business will Be named Copious.com (My Virtual Team Members) 1. Tara Bruner, Chief Opportunity Officer & Communication Director 2. Sheridan Daniel, Chief Administrative Officer & CFO 3. Angela Bautisa HR Officer 4. Trina Darakjy Chief Operating Officer 5. Heinz Weidmann CEO & Chief Compliance Officer 6. Carlos Batista Chief Research & Legal Officer 7. Ryan Brown Sales & Marketing Director The angel investors will own 40% of the business and will hold three out of five permanent seats on the board of directors of your virtual business. Welcome to the team! One unique competitive advantage of your company is that it is a virtual business and your team will work together remotely. The group of angel investors will provide $100,000 in funding to start your virtual business. Therefore, you are now a member of a virtual team of individuals that must efficiently work together on the development of a viable virtual business concept. It is essential that all members of your virtual team work together to become a highly productive and professional collective of experts. Working in a virtual team environment is extremely challenging due to distance and time constraints, so it is vital that all team members spend ample time working together to build this virtual business. To start the process of building this virtual business, you must first get to know your virtual team. Use the following criteria to start building a virtual team charter, which is an important part of the strategic business planning process for a new business venture. Assignment: Part 1 Requirements: This will be 2 separate Essay papers. • Find a professional business report template to prepare a team charter. Research and essays to a Professional Team Charter Template. • Explain the purpose of a team charter and why it is important. Explore what the purpose is for me and my group of University Student Team mate who have been put together virtual, why it is important for us.