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 email, 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 ?
The conference is hosting a two-hour workshop to demonstrate several examples of how Second Life is being applied by Hawaii and others to create tools such as a virtual employment center geared toward veterans with disabilities, curriculum on universal design and accessibility, and advocacy and awareness programs.
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.
Philippe Hamon, Director-General of ACI-Europe, believes "it is a clear case of hypocrisy and cynicism when the European Council agrees on the one hand the virtual Employment Pact and slashes tens of thousands of real jobs on the other".
Companies like Google, Whirlpool, Rio Tinto and Oracle use HireVue to perform virtual employment interviews via webcam over the Internet.

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