virtual company

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virtual company

An organization that uses computer and telecommunications technologies to extend its capabilities by working routinely with employees or contractors located throughout the country or the world. Using e-mail, faxes, instant messaging, data and videoconferencing, it implies a high degree of telecommuting as well as using remote facilities.

The Extreme
The most extreme type of virtual company is one with only "virtual employees" and no central office. Everyone works from home, including top management. See virtual, pervasive computing, telecity and hoteling.
References in periodicals archive ?
In the end, we found that the boom in virtual employment that is taking place due to advances in technology and other economic factors puts many organizations in the difficult situation of trying to manage and engage employees in ways with which they have little expertise because their legacy has routinely been to manage workers at a given location," said Saari.
The Labwire Platform required a capital investment of over $1 million and is a proprietary, web-based application that creates a virtual employment screening chain streamlining all aspects of the screening process in a secure and cost-efficient solution.
Companies like Google, Whirlpool, Rio Tinto and Oracle use HireVue to perform virtual employment interviews via webcam over the Internet.
The virtual employment model was a main reason the client selected Alpine Access to provide technical support to the more than 40 million users of its gaming platform.

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