BENEFITS OF VIRTUAL
TEAMS
There
are many advantages of forming virtual teams which are listed below:
Greater availability of talent:
As
the virtual team members are from different parts of the world, there is more
talent among the team members. There are diverse people in a virtual team who can come up with
different solutions to any problem. This is valuable because different people
from different cultures have different point of views. This leads to the
betterment of the company.
Reduced travel time:
Virtual
team members can contact each other with the help of technology (Skype, video
conference etc.). So, there is no need to travel unnecessarily to different
countries. Virtual teams’ formation saves travel time and money which is quite
helpful to manage the company’s expenses.
More efficient and flexible:
According
to Ratcheva, “Virtual teams have increasingly been cited as efficient and
flexible, novel form of organizational arrangement, and they are becoming more
and more popular in the global business environment” (Ratcheva,
2008) .
Therefore, we can say that creating virtual teams is better way of business because
the workers and the customers find it more reliable.
Increased productivity:
The
virtual teams results in increased productivity because there is no expense of
travelling, flexibility in working hours and no office distractions. The
members are comfortable to work in virtual teams.
This
video summarize the advantages of virtual teams (Repp, 2013) :
REFERENCES:
- Ratcheva, Violina. (2008). The knowledge advantage of virtual teams – processes supporting knowledge synergy. Journal of general management, 33(3), 53-67. Retrieved from: http://web.a.ebscohost.com.library.sheridanc.on.ca/ehost/pdfviewer/pdfviewer?sid=0a8acea1-8588-418e-ab21-841dec8ee176%40sessionmgr4003&crlhashurl=login.aspx%253fdirect%253dtrue%2526scope%253dsite%2526db%253dbth%2526AN%253d32695344%2526msid%253d604016902&hid=4109&vid=0
- Repp, Peter. (2013, June 10). Future Trends in Outsourcing and Benefits of Outsourcing to a Virtual Team [Video file]. Retrieved from: https://www.youtube.com/watch?v=tGlBx1991-w
- Wrike Project Management Blog. (2012). Retrieved from: https://www.wrike.com/blog/the-past-present-and-future-of-remote-collaboration-where-does-your-team-stand/
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