This book features the competences and skills that the university students as future leaders should acquire in order to work in virtual teams. Virtual teams have become the basic unit for many organizations. Combined work using different technology, places, time zones, persons of different cultures requires knowledge and skills to lead this team. Unreflective teaching methods can cause a lower level of efficiency and effectiveness. The gap knowledge about todays students’ skills of virtual work may be interesting for university lecturers to improve the quality of university leadership programs, and also for HR practitioners to develop managerial competences. This book focuses on leading and developing virtual teams in the process of shaping their competence for the new (prospects) organizational requirements. The effective strategies and clever techniques to improve leadership and management skills are needed in the virtual environment. The premise of this book is to pay attention how to lead and develop virtual teams by providing more directed tips to improve the quality of a university program and thereby develop effective leaders within their organization. The better the leadership, the better the virtual teams.