Do you agree that virtual teams is the answer for most work related issues when it comes to flexible work schedules?

Do you agree that virtual teams is the answer for most work related issues when it comes to flexible work schedules?
Virtual teams significantly reduces office expenses as well as parking lot and commuter expenses. In many cases it reduces corporate travel expense as well. It may or may not increase schedule flexibility (as it may still be a requirement that everyone on a team be available for calls, IMs, or email responses between hours X and Y. However it clearly eliminates time wasted getting to and from a central office.

Supporting virtual teams is much easier as technology provides ways of screen sharing and conference calling.

People can live in small towns or even farms and participate on a virtual team.