QUT MNG81001 Virtual Team Management Report: Assessment 2

This report examines the concept of virtual team management, which has gained prominence due to advancements in technology and globalization. It defines virtual teams as geographically dispersed members connected through electronic communication. The report highlights the advantages of virtual teams, including access to a global talent pool, increased flexibility, and improved team interrelationships. It also acknowledges the challenges associated with managing virtual teams effectively. The conclusion emphasizes that virtual teams can be successful with proper management and leadership, offering cost-effectiveness and sustainability. References include key research on virtual team dynamics, and the report is based on a real-world scenario involving a marketing team spread across multiple time zones.

VIRTUAL TEAM MANAGEMENT

INTRODUCTION
A virtual team refers to
remote operations in an
organization where people
belonging to different
geographical locations
function as part of the
same team through
electronic means of
communication.
With advancement in
technology, the popularity
of virtual teams is on the
rise (Lilian 2014).

ADVANTAGES OF VIRTUAL TEAMS
Virtual teams would lead to a
conglomeration of worldwide
talent under one roof, thus
increasing flow of knowledge
and quality of human
resources in the organization.
Such teams are flexible and
would reduce limitations
imposed by geographical
barriers.
Quality of interrelationships
within the team would
improve as well (Krumm et al.
2016).

Challenges
of virtual
teams

CONCLUSION
To conclude, it can be said
that virtual teams can only
be successful if adequate
measures are taken to
manage and lead them
effectively.
Despite the various
challenges, virtual teams
could add a number of
benefits to the organization
since it is cost effective and
more sustainable in the
long run.

RFERENCES:
Krumm, S., Kanthak, J., Hartmann, K. and
Hertel, G., 2016. What does it take to be a
virtual team player? The knowledge, skills,
abilities, and other characteristics required in
virtual teams. Human Performance, vol. 29,
no. 2, pp.123-142.
Lilian, S.C., 2014. Virtual teams:
Opportunities and challenges for e-
leaders. Procedia-Social and Behavioral
Sciences, vol. 110, pp.1251-1261.

THANK
YOU!