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Amid diminishing boundaries and flourishing global economies, companies expand rapidly to make their business presence felt world-wide. Global teams can provide a company access to diverse skill sets and expertise, knowledge and wisdom about emerging markets. Round-the-clock business hours for efficiency is also a strong motivator for organizations. Even as companies emphasize the need to build global teams, they realize that managing these dispersed teams is problematic with cultural and time zone hurdles among the critical challenges.
Best Practices, LLC conducted this research project to explore tools and techniques that companies use to function effectively on a global basis. This document contains valuable metrics and key insights that can help executives improve the performance of their global teams and networks.
Primary research was conducted through an online survey instrument. Seasoned executives to innovative managers, 59 representatives from 56 companies participated in this research.