Virtual Teams, an alternative business solution.

Abstract

This work as its object to explain and introduce a new strategic approach to business processes that is called Virtual Teams. Furthermore, there is an analysis about the implication and the possible solutions that can achieve as an innovative process. The aim of this work is based on understanding what the main required characteristics to be successful and how integrate them with the business strategy. To reach a better understanding from everyone I preferred follow an approach that it is simple and understandable, I explained minutely every step, meaning, tool, environments and variables relate to virtual teams.

Into the first chapter, I introduced the topic from the globalization to the factors that created by new needs, like the increase of velocity of doing due to technology’s improvements. There is a deep description of what virtual teams are and which are the main challenges that would face into real world, especially in terms of cultural, religion aspects between members of the group.

The second chapter consider effects of communication as a tool and how it impacts on the effectiveness and efficiency of the projects. In fact, it is really interesting to see how different factors are changing final results in terms of information system, technology, commitment. To achieve a broader view about this strategy there are some real examples that can be considered interesting and useful.

Into the third chapter, it is analyzed the impact of communication from different point of view, the possible barriers that employees can meet and how technology can help or create new issues if not proper managed. The study of communication is essential to build trust, element that is considered one of the most relevant for successful virtual teams.

Finally, the fourth chapter shows some short examples about how Virtual teams can affect making-decisions in terms of make or buy and how they impact in accountancy with reduction of costs.