Despite some big names in technology such as Microsoft making the decision to bring a significant chunk of their remote workforce back into the office environment, virtual teams remain a valuable, viable and high-performing option for many companies. As reported in the MIT Sloan Management Review:
Most teams are dispersed on some level. They can be spatially separated (from “across the hall” to “scattered worldwide”), temporally separated (spanning different time zones), configurationally uneven (for example, five members in one location and two in another) and culturally diverse. We found that virtual teams offer tremendous opportunities despite their greater managerial challenges. In fact, with the appropriate processes in place, dispersed teams can significantly outperform their colocated counterparts.