The Benefits Of Virtual Teams

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Register to read the introduction… These information technologies effectively link people together, despite their working at different time zones and in different locations, thus enabling them to communicate and share resources as needed. [3] [4]
On general terms virtual teams come together for a finite amount of time if it is for problem solving purpose, else virtual teams can be implemented on projects for the contract duration.[5]INSIGHT ON VIRTUAL TEAMS-Past & Present
The word ‘virtual’ drew its meaning from ‘virtue’ in early 14th century. By late 1950s, it started taking up a new meaning of ‘temporarily simulated or extended by computer software’. In recent past, a team constituted of members from more or less one culture, present at one place and time working together to achieve a defined goal. The surging sale of PCs in 1960s followed by the popularity of cellular phones in 1970s, voicemail in 1980s. In 1989, Tim Breners-Lee, working at
CERN (Conseil Européen pour la recherche Nucleaire) in Geneva, Switzerland, started to develop protocols that would give the practical physicists there a powerful new way to interconnect there global research community using internet.[1]. Internet & World Wide Web in 1990s
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Top 5 internet retailer sellers in the current market are Amazon. Inc, Staples .Inc, Apple
.Inc, Walmart.com, Dell .Inc.[6]
Basic types of virtual teams
 Networked Teams consist of individuals who collaborate to achieve a common goal or purpose; membership is frequently diffuse and fluid.
 Parallel Teams work in the short term to develop recommendations for an improvement in a process or system; the team has a distinct membership.
 Project or Product-Development Teams conduct projects for users or customers for a defined period of time. Tasks are usually non-routine, and the results are specific and measurable; the team has decision making authority. Work or Production Teams perform regular and ongoing work usually in one function; the team has clearly defined membership.
 Service Teams support customers or the internal organization in typically a service/technical support role around the clock.
 Management Teams work collaboratively on a daily basis within a functional division of a corporation.  Action Teams offer immediate responses activated in (typically) emergency situations.[14]
Managing Virtual

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