ABSTRACT
Working in virtual teams is almost imperative with the increase of work from home and other flexible working options. As per Gartner’s recent survey, by 2023 there will be a 40% increase in people working remotely and in virtual teams.
Because of the tough challenges, building an efficient virtual team is a dream for many organizations worldwide. Many organizations know about the challenges but are not able to overcome them as they do not have a simple solution for the same. Many organizations fail miserably as they are not able to find a proper solution to the same. Many papers and research are being done, but the authors mostly talk about the challenges without giving a suitable solution.
The main objective of writing this chapter is to suggest a simple model with solutions, which has been already explained above. The model is very simple and user-friendly, which when followed as it is, can yield excellent results, leading to a hassle-free virtual team that is as good as an offline team and is equipped to handle any challenges and would be able to contribute to the smooth running and profit maximization in the virtual mode.
