Globalization is when an organization extends its activities to other parts of the world, actively participates in other markets, and competes against organizations located in other countries. Organizational leaders should examine their workforce to determine whether target groups have been underutilized. Contemporary competitive demands have forced many organizations to increase levels of flexibility and adaptability in their operations. A growing number of such organizations have explored the virtual environment as one means of achieving increased responsiveness. Virtual teams convene electronically with members reporting in from different locations, different organizations, and even different time zones. Virtual teams are cross-functional groups that operate across space, time, and organizational boundaries with members who communicate mainly through electronic technologies. Virtual teams are a product of modern times. They take their name from virtual reality computer simulations, where “it is almost like the real thing”.