The document discusses the challenges of managing virtual teams from a distance and identifies key skills for effective virtual leadership and management. It notes that challenges are magnified when managing remotely compared to locally, as it is more difficult to monitor employees and motivate them at a distance. Effective skills for virtual management include providing strategic direction, strong communication, building relationships, setting goals, coaching, motivating employees, and providing feedback and support while managing by results rather than activity. The document provides tips for virtual team leadership, such as distributing work evenly, avoiding negative feedback by email, and being sensitive to different time zones.