A year ago, a study conducted by RW3 Culture Wizard was released stating that 80% of corporate managers work virtually at least part of the time and 63% are members of global virtual teams. The same study also showed that the key factors that impair productivity are: cultural differences, communication styles, time-zone differences, language and a lack of face-to-face contact. The introduction to the report stated in part:
Overall, participants in the survey confirmed that virtual teams present unique challenges that are culturally based and can be counterproductive unless managed effectively. While the hurdles that virtual teams face are not surprising, we were struck by the depth and breadth of the challenges. Since virtual teams are an ever-growing component of global business, it behooves global organizations to institutionalize some global virtual team structure and training to overcome these potential hazards. Read the entire report here.