Using books the library peerreviewed journals andor the Inte

Using books, the library, peer-reviewed journals and/or the Internet, research the topic Virtual Companies by writing a 2 – 3 page report, including at least two references.

The report should address 3 or more of the following concepts:

1. Definition of the concept/system/process;

2. What components the concept/system/process has;

3. What functions the concept/system/process has;

4. Applications and use contexts associated with the concept/system/process

5. Advantages of the concept/system/process;

6. Negative aspects of the concept/system/process;

7. How the concept/system/process is different than similar others;

8. How the concept/system/process is related with other systems/concepts;

9. Any other aspect that is relevant to and appropriate for the topic.

Solution

Avirtual company is an organization which uses computer and telecommunications technologies for extending its capabilities by working routinely with employees or contractors who are located throughout the country or the world.

The term \"virtual\" has its roots in the computer industry. A virtual memory is when a computer appears to have more storage capacity than it really has. Similarly, when an organization assembles resources from a variety of firms, a virtual company seems to have more capabilities than it actually possesses.

The Traditional organizations that are present always work vertically.This means that the authority is deligated in a pyramidal hierarchial structure. As the pyramid shape suggests, the power has been concentrated only among the handful of individuals at the top ie they get to take all important decisions.

The virtual corporation is more better and transparent than traditional organizational forms. The interfaces in a virtual organization between company, supplier, and customers continuously change, resulting in a blurring of traditional functions. Inside the office, work groups and job responsibilities may shift regularly. Each individual has his own decison making right and the power isnot concentrated on handfull of people.This virtual company may not have a central office or an organizational chart. Suppliers.Customers or even competitors may spend time alongside one another in the virtual company.