Global virtual teams are becoming the “new normal” as businesses expand across borders and as skill shortages force companies to tap into broader talent pools. Made possible by technology advances, the global virtual team offers many advantages, including:
 

• obtaining an international perspective on business challenges and solutions achieving economies of scale
• leveraging complementary work cycles that allow 24/7 productivity
• harnessing best talent, wherever it is located
• accelerating innovation and product launches
• enhancing local knowledge and presence

Companies increasingly rely on global virtual teams to foster growth and innovation, yet too often these teams are assembled without a clear process to ensure success. Global virtual teams represent a high stakes commitment, so it is imperative that these teams have a proven framework to promote optimal functioning.