The thesis basically addresses Virtual Team Setup and considers fundamental management dynamics as assessable parameters. The drive to conduct the research is in the backdrop of globalization and hence utilizing distributed talent through 'Virtualization Technology'. The journal concludes the results which indicate positive and mixed interpretations in favor of virtual teams.
The first part of the journal addresses very specific area of 'Software Engineering' and the second part is about Virtual Team Setup as a general and evolving management model. I am considering the second part of my inference for further and future implications.
In the future, the Virtual Teams are inseparable entities of modern global organizations. Today, it is clearly visible that global economy is based on two major sectors - Manufacturing (including Information Technology product) and Services. Manufacturing which involves products, invariably have product life and hence tend to get saturated due to changing requirements or technological breakthrough. Whatever may be the reasons, for a whole life cycle of the product, the support and service is a must and this is where the virtual teams play a great role. There is a need to analyze and create highly standardized guidelines to protect the rights of members of virtual teams who work on international boundaries and responsibilities of the hiring organizations. This will help in setting virtual teams quickly and effectively.
In early days of digital electronic technology, Intel introduced the first microprocessor which changed the very face of business. The hardware which needed supporting software for business applications opened the doors of collaboration. Thus a virtual collaboration of organizations called 'LIM' (Lotus - Intel - Microsoft) evolved to make technology work for a purpose. Here, Intel provided hardware, Microsoft created operating system and Lotus provided spread sheet for business computing. Ever since, collaboration and virtual teams evolved and today these are everywhere.
'A majority of U.S. corporations use some form of team structures in their organizations, and many report that teams enhance their ability to meet organizational goals' (Anthony M. Townsend et al, Aug., 1998). As a matter of fact, very simple and plain logic, the larger the organization grows so is the complexity of management which eventually leads to heavy organizational overhead. This situation invariably forces the management to create functional entities which in turn may be located in the same location or at many other locations. Individual talent, though essential, cannot achieve mission and goals of an organization. Similarly, too large group of expertise creates chaos or delays the achievement of goal. Hence effective organizations always work in teams. They did so in the past and are doing today. In the future, virtual teams are de facto standard of business management.
'Unlike IBM in...