Virtual teams essentially comprise of people working together through the internet from remote locations. It does not require the physical contact that most people are used to. Instead, people interact with each other through the screen.
1. Diversifies knowledge
Virtual teams offer the benefit of a diversified knowledge as people with varying kinds of knowledge can spread throughout the world. Conferencing systems, online meetings and wireless technology allow participants to take part in a meeting from any place. With no lodging and travel expenses, any expert who would not be willing to be troubled can offer their information and then continue doing other businesses.
2. Time savings
Another major benefit of using virtual teams is that it results in extensive time savings. It is possible to form various groups for planning, marketing, structure, planning and also locating every group easily on demand. You can have on group working on a normal business workday and then it hands the project over to the next group in a different time zone. This results in a comprehensive 24 hour business workday. This kind of hand off offers a technique for small companies of only few workers to efficiently compete with other multinational enterprises.
Many expert consultants nowadays are busy on various projects, assisting a wide range of clients. As such, they are not always accessible through telephone. However, you simply use email for providing access in a one-day timeframe. The diversity in time shifting, geographic location and the convenience of communicating all adds up to provide complex set of skills at an affordable cost. Consultants are more willing to spend one hour online than contemplate several weeks out of the city and lose lots of productive time.
Virtual teams also offer the advantage of flexibility since workers can engage in other activities when they are not online.