Work Around the Clock: Successfully Building & Managing Global Virtual Teams

News provided by

Best Practices, LLC

Oct 24, 2014, 06:45 ET

CHAPEL HILL, N.C., Oct. 24, 2014 /PRNewswire/ -- As the building blocks of global organizations, virtual teams can provide a company access to diverse skill sets and expertise, knowledge and wisdom about emerging markets, and round-the clock business hours for efficiency. However, effectively managing these dispersed teams requires overcoming difficult hurdles.

According to recent research, more than 25 percent of global team disappointments, such as seeing a project not move forward due to lack of a decision-making process, stem from lack of management or inflexibility. With more than one-third of employees working on at least one virtual team, it is critical for global organizations to find was to overcome the hurdles of working virtually.

The related report, "Building Global Capability: Creating and Maintaining Effective Global Teams," provides executives with global responsibility the tools, practices and techniques to help virtual teams work better together and achieve strategically aligned objectives.

Key topics of this primary research project include:

  • Why companies establish global teams
  • How companies measure progress toward globalization
  • Tools and practices that accelerate progress
  • Practices that facilitate working with other cultures, time zones and workplaces
  • How progress of individual global teams is measured
  • Top improvement objectives for global teams
  • Key lessons learned for managing global teams
  • The biggest pitfalls to avoid in global team management

The study engaged 59 representatives at 56 companies. Respondents have an average of 11 years of experience in working with global teams or in helping people work better together globally.

To access the full report, or to download a complimentary summary containing insights found in this report, click on the following link: http://www3.best-in-class.com/rr1016.htm

For more information on other recent primary research studies, contact us at 919.403.0251. For related research, visit our Best Practices, LLC website at http://www.best-in-class.com/.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations. Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/work-around-the-clock-successfully-building--managing-global-virtual-teams-402857004.html

SOURCE Best Practices, LLC

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