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In a global and technology oriented world the requirements that products andservices have to fulfill are increasing and are getting more complicated.Research and development (R&D) is becoming increasingly important in creatingthe knowledge that makes research and business more competitive. Companies areobliged to produce more rapidly, more effectively and more efficiently. Inorder to meet these requirements and to secure the viability of businessprocesses, services and products R&D teams need to access and retrieveinformation from as many sources as possible. From the other perspectivevirtual teams are important mechanisms for organizations seeking to leveragescarce resources across geographic and other boundaries moreover; virtualcollaboration has become vital for most organizations. This is particularlytrue in the context of designing new product and service innovation. Suchcollaboration often involves a network of partners located around the world.However at the R&D project level, dealing with such distributed teamschallenges both managers and specialists. In new product development, it isnecessary to put together the growing different capabilities and services withthe goal, through cooperation between suppliers and customers, serviceproviders and scientific institutions to achieve innovations of high quality.In this paper based on comprehensive literature review of recent articles, atthe first step provides an primary definition and characterization of virtualR&D team; next, the potential value created by virtual R&D teams for newproduct development is explored and lastly along with a guide line for futurestudy, it is argued that the establishing of virtual R&D teams should be givenconsideration in the management of R&D projects.

Establishing Virtual R&D Teams: Obliged Policy