How to increase working capital in capsim

Virtual teams are becoming more common in the business environment; however, most managers have little experience or training in how to direct those teams. Team managers, as well as team members, have specific challenges to address. So how do they do it?

Review the required and recommended readings for the week. Synthesize the information from those sources and create a strategy that you would use as the manager of a virtual team. Consider the variables that can affect a virtual team, such as time zones; language barriers; social, religious, and cultural beliefs; and team diversity. Prepare a substantive response to the following:

Analyze the potential challenges a virtual Capsim team can face. Then, create a strategy for how a team manager can address those challenges using a team charter.

Your discussion posting must be at least 250 words in length, and contain a library-based, scholarly citation and a supporting reference. Use the CSU-Global Library or other online resources to retrieve your scholarly or peer-reviewed articles and journals. Post your initial response early and check back often to continue the discussion.

READING MATERIAL FOR REFERENCE:

Readings
Required

“Introduction” section in Intro to Business: A Primer
“Overview: What is a business” section in Intro to Business: A Primer
Ferrazzi, K. (2014). Get your virtual team off to a fast start. Harvard Business Review Digital Articles, 2-4.
Mortensen, M. (2015). A First-Time Manager's Guide to Leading Virtual Teams. Harvard Business Review Digital Articles, 2-5.
Recommended

Aaron, J. R., McDowell, W. C., & Herdman, A. O. (2014). The effects of a team charter on student team behaviors. Journal of Education for Business, 89(2), 90-97. doi:10.1080/08832323.2013.763753
Brownlee, D. (2012). Team Charter. Leadership Excellence Essentials, 29(10), 15.