Virtual Team — also known as a Geographically Dispersed Team (GDT) — is a group of individuals who work across time, space, and organizational boundaries with links strengthened by webs of communication technology. They have complementary skills and are committed to a common purpose, have interdependent performance goals, and share an approach to work for which they hold themselves mutually accountable. Geographically dispersed teams allow organizations to hire and retain the best people regardless of location. A virtual team does not always mean teleworker. Teleworkers are defined as individuals who work from home. Many virtual teams in today's organizations consist of employees both working at home and small groups in the office but in different geographic locations.
Networked Teams consist of individuals who collaborate to achieve a common goal or purpose; membership is frequently diffuse and fluid.
Parallel Teams work in short term to develop recommendations for an improvement in a process or system; has a distinct membership.
Project or Product-Development Teams conduct projects for users or customers for a defined period of time. Tasks are usually nonroutine, and the results are specific and measurable; team has decisionmaking authority.
Work or Production Teams perform regular and ongoing work usually in one function; clearly defined membership.
Service Teams support customers or the internal organization in typically a service/technical support role around the clock.
Management Teams work collaboratively on a daily basis within a functional division of a corporation.
Action Teams offer immediate responses activated in (typically) emergency situations.