Managing Virtual Teams is usually based on these essential practices:-
Communication must be effective between the virtual team members. Communication can be carried out on Telephone as well but communication via email / Chat / Instant Messengers / Discussion boards is more useful as they can be acquired mostly at a free price.
Collaboration
It's the wealth of technology that we have at our fingertips that makes virtual teaming possible. Telephone and email are far from the only tools at your disposal. Instant messaging systems, collaboration software, group bulletin boards or discussion areas, and chat rooms are all useful for working and meeting together. Many of these tools can be obtained inexpensively or free. Learn what's out there, and use it all. Vary your methods of communicating, and learn which methods work best for which team members. Some people love email; others prefer the phone. Finally, make sure you are using each type of technology appropriately for the purpose it's best suited to. If one email has been forwarded and replied to several times among several people, you'd be better off moving the issue to a conference call or online discussion. Just create a place where the virtual team members can also collaborate with each other safely.
Acknowledgement
Whenever a Team members performs well, acknowledgements must be sent out whether in the form of Personalized Email, Virtual Greeting Card or whatever is acceptable .
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