Critical Success Factors for Virtual Teams
February 12, 2025
What Makes Some Leaders Truly Transformational and Exceptional? There is a difference between leadership and management. Similarly, there is a difference between leadership and outstanding leadership. The point to note here is that leaders and managers differ in a number of crucial ways. For instance, leadership is all about having a vision and then actualizing […]
In a business setting mangers are put to test when they face the challenge of resolving an ethical dilemma. Often certain situations do not fall in the ambit of procedures or the official code of conduct and this is when the managers feel the heat. The problem with ethical decision making is that a decision […]
Ambidexterity Managers in the contemporary world face a contradiction where austerity in the developed world and the cost cutting measures in place mean that they have to increase efficiencies; on the other hand, the rapid pace of change means that they have to innovate to stay ahead of market trends and to trump their competitors. […]
Michael was working as a Brand Promotions Manager with a reputed firm. He was doing very well and was the apple of his boss’s eye. One day, he had to deliver a presentation on his achievements and contributions to the organization in the past few months and also include his future plans in front of […]
Creating high-performance workforce has become increasingly important and to do so business leaders must be able to inspire organizational members to go beyond their task requirements. As a result, new concepts of leadership have emerged – transformational leadership being one of them. Transformational leadership may be found at all levels of the organization: teams, departments, […]
Virtual team is an emerging new-age trend with followers across business sectors. Just like any other new trend, virtual team also has to undergo strict scrutiny of researchers to weigh its advantages and disadvantages before being accepted by the professionals. The advantages and disadvantages of virtual teams can be looked upon from three levels - individual, organizational and societal as a whole. This article summarizes different perspectives on the advantages and disadvantages of the virtual team and serves as ready reference guide to our readers.
All these disadvantages can be overcome by following a different leadership/managerial approach, trainings, greater role clarity and effective communication strategies. Organization both big ones such as IBM, Microsoft, Whirlpool as well as SMEs are reaping the benefits of virtual teams for some time now. It has been a well-recognized fact that Virtual Team is not a passing tide but it is here to stay.
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