The focus of this webinar is to help companies maximize their investment in virtual teams as well as helps leaders enhance their effectiveness in leading virtual teams.These seven points will be covered.
Virtual team is the new reality of 21st century workplace. Owing to the increasing competition in the marketplace, decentralization and globalization of work processes and advances in information and communication technologies, companies, to remain competitive, require flexibility and agility in their delivery of products and services.
Virtual teams play a key role to meet these demands. Also, these companies are adopting the virtual team approach to reduce their operating costs, encourage knowledge sharing among their employees to promote organizational learning and expand their business hours to 24/7.
Unfortunately, having solid business reasons for implementing a virtual strategy does not mean that strategy is always going to be executed well. The problem is that too many companies treat their virtual teams the same way they treat teams that share the same physical locations.
In other words, virtual teams may be increasingly popular but they're not necessarily successful. Large number of HR practitioners as well as organizational leaders has come to realize that virtual teams are different from traditional teams. They now must shift their attention towards devising and utilizing leadership new tools and techniques to manage the unique challenges posed by virtual and dispersed teams.
Many companies recycle the same guidelines and best practices they use for their co-located teams and hope for the best. That just doesn't work. Virtual teams and face-to-face teams are the proverbial 'apples and oranges' – and leaders who recognize this fact are the ones whose teams succeed.Virtual leadership regularly fall victim to three pitfalls:
Also, research has shown that the leadership style of the team or project leader has greater effects on the productivity of virtual teams as compared to that on the traditional collocated teams. It’s important for all the virtual team leaders or managers to revisit their leadership approach.
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