Work around the Clock: How Global Virtual Teams Are Re-Defining the Productivity Paradigm for Leading Companies

CHAPEL HILL, N.C., March 29, 2013 /PRNewswire/ -- With more than one-third of employees working on at least one virtual team, it is critical for global organizations to find ways to overcome the hurdles of working virtually. Global companies are now investing resources in finding ways that will help employees work better together across time zones, differing cultures, and with conflicting workplace practices. While there are many places to misstep in the process of becoming global, leaders must examine which best practices are necessary and beneficial in order to achieve global operational excellence.

According to Best Practices, LLC's primary research study, "Building Global Capability: Creating and Maintaining Effective Global Teams," even global teams with established common processes and online tools can still suffer from failures and disappointments. Despite this, virtual teams can ultimately provide a company access to diverse skill sets and expertise, knowledge and wisdom about emerging markets, and round-the-clock business hours for efficiency.

In order to determine which best practices global leaders are implementing in order to create successful virtual teams, Best Practices LLC drew from extensive primary research that was completed with 59 executives from 56 leading companies. The full 56-page benchmarking report contains more than 100 metrics and 10 executive narratives, providing 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 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

To learn more about this report, download a complimentary excerpt at http://www3.best-in-class.com/rr1016.htm. For more information on other recent primary research studies, contact us at 919.403.0251 or visit our website at bestpractices@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.

SOURCE Best Practices, LLC



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