This paper examined the dimensions of the Leadership Competencies (LC) and Virtual Team Effectiveness (VTE) among Multinational Corporations (MNC’s) in India. Further, the research paper also highlighted the impact of leadership competencies on virtual team effectiveness. The research design of the study was descriptive and empirical. The impact of nineteen factors of leadership competencies and twenty two factors of virtual team effectiveness were studied. The study was conducted on a sample of 134 employees working in selected MNC’s. The selected factors of the leadership competencies were reduced to four and selected factors affecting virtual team effectiveness were reduced to five dimensions respectively using Exploratory Factor Analysis (EFA). Pearson’s Correlation and Regression Analysis was used for testing research hypothesis. The respondents of the study were employees from different MNC’s. The leadership competencies were found to be positively related to virtual team effectiveness which means that if the team leader exhibits suitable competencies, then the functioning of virtual teams is significantly improved. The study has important implications for effective functioning in the virtual work environment of MNC’s. The study presents an elementary framework to strategically plan the interventions in order to develop the suitable leadership competencies so as to improve the virtual teams effectiveness in terms of goal clarity, interdependence, trust, personal well being of team members and capacity utilization.
Leadership competencies; Virtual Team; Virtual team effectiveness; MNC’s; COVID
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