Analysis of Virtual Teams and Effects on Organizational Performance Research Paper

Analysis of Virtual Teams and Effects on Organizational Performance - look for Paper ExampleVirtual teams allow organizations to collaborate with the most talented people in their field, in all geographies, thereby removing the need to hire local anaesthetic experts. Virtual teams enable an organization to create a more diverse talent pool that would have non been possible if the organization was not having a policy of virtual teams (Snyder, 2003). With the executing of virtual teams in the contributeplace, employees can work and communicate in real time despite the barriers of geographical distance and time. Travel time and costs are reduced including expenses such as accommodation, travel, and other daily allowances. Virtual teams overly enhance productivity as the daily work bread and butter does not get disrupted beca hire of frequent travel (Opper and Fersko-Weiss, 1992). All these factors enable the organization to increase their productivity and reach markets quickly a nd effectively. Work life balance and flexibility Virtual teams lead to enhancement of work life balance for its team members. Virtual team members can carry out their work from their spot at any time as they wish removing the necessity of frequent travelling. The flexibility in the timings that comes up with virtual teams enables team members to manage balance between their personal and work life. Extended market fortune Virtual teams give organizations an opportunity to reach markets pervade across the globe. Virtual teams are generally spread around all the locations across the world. This structure enables teams to have direct and quick access to different markets. With the implementation of virtual teams, organization can build a local connect with the customers in each country. The local presence also enables the organization to get a better understanding of the market including customer render and behavior. Virtual teams are an effective incision for organizations to inc rease confidence amongst customers. Customers can be sure of the work of an organization having virtual teams beca engagement of the local presence of individuals in their country. Virtual teams also provide an effective tool for small businesses to establish their global presence. Small businesses can expand their market reach through use of virtual teams. Knowledge transferee Another major advantage of having virtual teams is the continuous knowledge transfer between mingled team members. Technical tools such as net-meeting, remote computer access and television set and audio conferences enable members from across the globe in different time zones to participant in various discussions which increase the knowledge for team members. Generally the team members in virtual teams are individuals with different science sets and competencies. With virtual teams, members based out of different geographic locations can gain knowledge from other members at a very low cost. Disadvantages Although virtual teams have significant positives, they also come with certain disadvantages that business leader arise out of issues like communication inadequateness, poor leadership and incompetent team members. These disadvantages might also hamper the growth of the team which may result in inability of the team to achieves its goals. Communication deficiency Communication deficiency is the most critical disadvantage that comes with virtual teams. Members of the virtual team do not interact face to face and interact but primarily through technological tools. Effective use of communication, especially during the early stages of the team