These problems have been resolved mainly because of the use of high definition transmission. For example the problem of eye contact could have been due to lag, but as telepresences is real time there is not lag and no longer an eye contact problem. The complex set up problems are eliminated as the systems themselves are more complex allow them to be more user friendly. Cisco has made their systems a simple single button operation to make a connection. (Wainhouse research, January 2008: Telepresences vs. videoconferencing: Resolving the cost/Benefit conundrum.) The other big difference to come from all of this is the price. Telepresences systems start at round about $200,000 per system/room to install, the average cost for a 6 seater room would be about $300,000.( Wainhouse research, January 2008: Virtual Meetings: Smart Management-5 Telepresences vs. Videoconferencing: Resolving the cost/Benefit Conundrum.) In contrast a Videoconferencing system starts at about $10,000, with the industry average at about $25,000. (Wainhouse research, January 2008: Telepresences vs. Videoconferencing: Resolving the cost/Benefit Conundrum.) Third, question three, what are the ways in which videoconferencing provides value to a business? Would you consider it smart management? Explain your answer. The acceptance of videoconferencing as part of the normal business practice provides many organizations the ability to provide its stakeholders with a more complete and concise way of communicating within the internal environment of the business, it also allows the organization a deliberate form of communication that is directly related to its external environment. By utilizing the full potential of video conferencing facilities a business will be providing value to its organization in several forms , most notably, the ability to allow for better meetings with partners , suppliers and work colleagues either within the office or at various locations around the world. Video Conferencing also provides a collaborative forum for designers, marketers and manufacturers when preparing for the launch or pre design of new products and reduces the time to market for a new product by up to 24%.(Polycom2009, benchmarking the Benefits of Videoconferencing Deployments) Video Conferencing also provides a …show more content…
Reducing travel and allowing home working can produce a much better working environment for your employees. This can result in less time spent away from home. It can also contribute to improved productivity which can lead to completing tasks in less time and with less stress. There are immediate financial benefits from using virtual meetings from the reduction in travel expense. This comes from the avoidance of fares, car mileage, hotels and other expenses while traveling to meetings. However the real financial benefit is in the increase in productive working time for your most valuable employees. A two hour meeting can often require many further hours of lost time while traveling to the meeting. While the savings in travel expenses may justify the use of virtual meetings, the real benefit comes from the increase in productive time for your most valuable employees. One of the major business benefits we see from using Virtual Meetings: Smart