Virtual teams are teams of people who usually collaborate electronically, because virtual team members are physically separated by time and/or space.
Virtual teams consist of people working remotely from colleagues, team members, managers, partners, resources and clients, they associate and co-operate with each other electronically.
Virtual team is a team that consists of people working remotely from each other which collaborate with a help of modern technologies. Management specialists have defined factors that influence virtual teams and developed tips for virtual team coordinators and managers.
We live in the time when many developed countries have entered the era of "post-industrial" economy. That means information becomes the most valuable and important recourse.