Management structures have flattened and globalised at the same time, radically changing the way collaboration happens. Now virtual teams work across all sorts of boundaries, and have created a new set of challenges.
Traditional management simply does not work effectively, so new sets of behaviors are evolving to enable virtual teams to be managed, and to manage themselves. The tools all revolve around mutual obligation and trust, a recognition that the direct and control management style has outlived its usefulness, and it is the outcome of the team activity that is important, not necessarily the way you get there.
The foundation of successful self and virtually managed teams is a very solid framework of shared objective, collaborative behaviors, and stable processes that can be continuously improved. Sounds easy, but it is very hard, and takes a long termview and great leadership to achieve anything worthwhile.