Another excerpt from CatchFriday and I hope you Catch on

The book Database and Expert Systems Applications has a profound definition for virtual teams. VTs, or virtual teams, are a group of people that could be separated in terms of time and geographical locations. However, they are linked through the use of interactive technologies, such as the World Wide Web. Each member of the virtual team has his/her own job that he/she needs to do. But then, they are all working towards one common goal, which is identified by their client (Galindo, Takizawa, and Traunmuller 2004). Simply put, a virtual team is a great method to achieve teamwork and get some work done even when your whole staff isn’t found in one physical location.

Galindo, Fernando, Takizawa, Makoto, and Traunmuller, Roland. (2004). Database and Expert Systems Applications. Springer.

How can you obtain money from virtual teams?

The concept of virtual teams is relatively new, but there are more and more companies who are implementing it. I for one acknowledge the essence and the benefits that you can derive from virtual teams.

I live in London where I met this beautiful Filipino nurse. I got smitten by her charm and wit, and to make the long story very short, I married her; and we now balance life between her native country, the Philippines and the UK. You may have heard a lot of nasty stories about the Philippines, but mind you, the people are incredibly amazing. Perhaps one of the greatest things I realize when living there is that they can be the most hardworking people you’ll ever know. They have no qualms working late at night or early in the morning just to get some projects done. They share their ideas whenever they feel that they can contribute something to make a project more successful and more significant. They are also highly open to constructive criticisms, and you wouldn’t definitely have any problem training them. Most of all, if you’re thinking of reducing your labor costs, or when you want to minimize your overhead expenses through outsourcing, they are the most excellent people to deal with. At $10 per hour, they can already produce results that are more than what you’ve expected. Moreover, perhaps one of the nation’s greatest strengths if you’re going to compare it with other business process outsourcing (BPO) countries such as India is that the Filipinos are highly fluent in English, owing to the fact that they are more exposed to Western culture, and the country produces more graduates than the latter.