Bean Stock Ventures Logo
  • What’s new
  • Services
  • Investments
  • About
  • Careers
  • Contact
  • Blog
Work with us

5 Tips to build effective virtual product development teams

1. Trust

Trust is crucial in all businesses. In a virtual organization, you rely on accountability and managing communication without overcommunicating.

2. Community

This is the biggest concern in a virtual workplace. Encouraging everyone to turn on their cameras provides that face to face which helps build relationships and create that sense of community. Other activities such as remote ‘fun’ meetings and offsite in person meetings also foster a sense of community.

3. Culture

A fully virtual company is an equalizer. You no longer have the sub cultures of those calling in remotely. It also decreases speaking over each other therefore allowing everyone a voice.

4. Expertise

High tech companies are familiar with hiring for technical capability. However, often, inherent biases affect perceptions. Virtual organizations remove many of those biases and focus on the capabilities of the individual.

5. Automation

This is a term often bantered around. However, to truly have automation, you need the right tools, the appropriate training and consistency in how those tools are used and optimized.

Share

you may also like

Whitepaper: Navigating FDA Cybersecurity Requirements for Medical Devices

Rapid Rise of Digital Health

Whitepaper: The Rapid Rise of Digital Health Technology: Challenges and Keys to Success

Whitepaper: How to Clear a Software Medical Device with the FDA

Monetize Software: Leverage Your Software to Fill the Supply Chain Revenue Gap

5 Tips to build effective virtual product development teams

Software Engineering

Tips for selecting the right software development partner

COVID-19 – BeanStock Ventures was built for the future!

A Look Ahead: Seven Trends Shaping Genomics in 2019 and Beyond

Key Life Science Industry Trends in 2019

Load More
beanstock-logo
made-with-logo

It’s time to take your healthcare products to new heights.

marketing@beanstockventures.com

Company

  • Services
  • Investments
  • About
  • Careers
  • Contact

Services

  • Software Platform
  • Regulatory Resources
  • Regulatory Support Services

© 2025 BeanStock Ventures

Drop your work email to view our BeanStock Ventures Product Portfolio