Global Business: Virtual Workplaces and Collaborations
Dr. Kamlesh Mehta, Dr. Vivek Shah

Abstract
The state of the art in technologies and their impact on individuals, organizations, society and governments are on the rise. With constant and rapid innovation in the IT domain, many global organizations are moving to virtual team structures in order to build high performance cultures, improve productivity, and maintain synchronicity within their global structure. Many companies have had success in forming global virtual teams, though many have failed. The purposes of this paper are: (1) explore the use of virtual collaborations in global organizations, (2) explain virtual teams vs. physical teams, (3) address the pros and cons of virtual teams, (4) review the impact of the factors that affect the effectiveness of virtual teams, and (5) understand the new kind of worker and the role of the management.

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