Conclusions
Even though there is ample literature pertaining to the topic of managing virtual teams; little has been done to quantify the scope and magnitude of practices within organizations today. The prominent factors on which trust, information sharing and communication are dependent in virtual teams were identified. These factors help member in virtual teams to remain focused for achieving effectiveness and efficiency in their work. The current study adds to researcher efforts by highlighting the importance of factors that impact trust, information sharing and communication in the virtual team of IT industry. The resulting factors of the research- 1[Dependability on Each Other], 2[Dealing with Time], 3[Concern for Collaboration], 4[Information Penetration], 5[Variety of Information], 6[Reliability on Technology], 7[Tools Used for Communication], 8[Implementation of Results], should be considered to create effective virtual teams. The findings and factors provide a useful insight into how virtual team efficacy and ability is determined. This study strives towards developing a set of factors that can be used by managers of virtual teams for establishing an efficacious relationship amongst the members. Since virtual teams enable a set of talented, highly capable and experienced individuals spread across various locations, to work together for the completion of a particular task, without being relocated, these factors can be used by both members and organizations to analyze their teams and their members well. Researchers claim that geographic separation amongst members of teams causes adverse effects on communication, knowledge sharing, and work coordination [30]. In this scenario, our factors provide a holistic approach to make the virtual team and its employees more effective.
