Prerequisites for efficient virtual teams' creation in banking industry

Abstract

In today’s rapidly changing global economy organizations, including banks, should create virtual teams of competitive advantage using best specialists in field and to be closer to the customer, fulfil customer’s wishes faster and at a higher quality.

The aim of this paper is to improve knowledge about the prerequisites for effective virtual team creation in banking industry.

Methodology used by the author is based on a literature review and interviews with experts and practitioners in the field. The paper has identified and discussed the prerequisites for taking decision on using or setting up a virtual team in the bank. The paper type is a case study.

The banks could use this paper to understand what the prerequisites to create virtual teams are. It will be easier for the banks to come to a decision to use virtual teams.

Originality and innovation aspect here is looking into banking industry possibility to get better quality of their work, be faster competitors and save financial resources.