What are Virtual Teams? Types, Benefits, Management, Statistics and Examples

A virtual team means a group of people who cooperate from many places. They depend on communication technology like instant messaging and e-mail.
They might also use services for voice and video conferences to coordinate. They are also called a distributed team or geographically dispersed team.
The phrase can also mean teams or groups that cooperate but not always at the same time. This can also happen across organizational levels.
Virtual team members talk through the electronic media. They might have never been introduced to each other in person.

Virtual Teams Types & Examples
1. Networked Teams
Such teams are formed and disbanded a lot. They are made for going over particular issues.
These are fields where the expert members, even belonging to different firms, put forth their ideas in the same discussion.

2. Parallel Teams
These teams are comprised of professionals with specific specializations. They are teams focused on tasks. They are usually needed for a brief duration. They are different from networked teams because they do not disband once the job is finished.

3.Project Development Teams
Just like parallel teams, they are dispersed across many places. They can even be located in multiple time zones.
Project development teams concentrate on coming up with brand new products.

4.Functional Teams
These are dependent on what the function is. They only focus on one field in a firm. This can be research, training, finance, etc.
They work virtually from multiple locations. Their job is to do current jobs or regular tasks.

5.Service Teams
Service teams are from multiple time zones. They are attached to specific services. This can be data maintenance, network upgrades, customer support, etc.

6.Offshore ISD teams
These are outsourcing groups, and they are independent service provider teams. A firm can subcontract part of the task to them.
These groups coordinate with teams onshore.

7.Freelance Teams
Such teams cooperate for different time periods. They do singular tasks that work towards the bigger plan. They comprise of people such as graphic designers, editors, and writers. These are assembled according to the need.

8.Hybrid Teams
Hybrid teams are built with a combination of physically present firms and virtual workers. Virtual workers make use of their geographical spots to produce jobs for the firm.

Benefits of a Virtual Team
1.Makes the Firm More Productive
Letting people do their jobs from home. Since this saves on time spent in traffic, it makes the employee more productive and happy.

2.Potential Employees Worldwide
While recruiting, searching for potential workers from places different from where the business is located is very beneficial. One can find numerous able applicants.

3.Decreases firm’s costs
Workers who do their job from their residences save the costs of a locally employed team.

4.Round the Clock Services
Virtual teams can provide round-the-clock service to firms, particularly for consumers. This is an excellent method to help a repetitive business grow.
Disadvantages of a Virtual Team

•Lack of Team Bonding
•Technological Errors
•Meaning of Silence is not Known
•Speed and Time may be varied
•Missing what is Important in the Information Sent
•Issues with Management

This video is on Virtual Teams and it has the following sub-topics.

Time Stamps

0:00 Introduction
0:16 Definition of a Virtual Team
0:53 Virtual Teams Types & Examples
2:33 Virtual Team Management
3:29 Benefits of a Virtual Team
4:07 Disadvantages of a Virtual Team
4:55 Virtual Team – Statistics
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