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.
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References in periodicals archive ?
Instead, the virtual company's managers meet with each of their employees once a month using a shared OneNote folder.
Maximum profit — the virtual company with cumulative profit at the time of the contest stage completion.
This year, Alexion PharmaceuticalsAaAaAeAeAaAeAeA (https://www.bostonglobe.com/business/2015/05/06/synageva/ilW8ii9OGlN5EtdjDtCPqM/story.h acquired a virtual company called Synageva BioPharma, which makes rare-disease treatments, for $8.4 billion.
The Challenge consists of a management simulation in which teams of three to five university students and young professionals are given complete control of a virtual company with the objective of obtaining the highest investment performance for its shareholders.
Toyota Motor Corporation (NYSE: TM)(LSE: TYT)(TYO: 7203), a Japan-based automaker, is planning to establish a new business unit in Thailand, called Mekong Region Virtual Company, during this year.
TUNIS, (TAP) - The Recovery and Restructuring Commission of Public Funded Companies (CAREPP), which met Thursday in Kasbah, agreed to the creation of a virtual company in the postal sector.
Luckey, who is a college dropout, is running a company that Facebook CEO Mark Zuckerberg hailed as a leader in the next 'major computing platform' of virtual company.
Everything that defines the virtual company must gravitate around the client, following the principle that once he/she came, must come back at least once again.
The contest consists of a management simulation in which teams of 3-5 members, comprising of university students and corporates, are given complete control of a virtual company with the objective of obtaining the highest share price on a simulated stock exchange.
Investigate "Hangouts" as an option for video chats, virtual company meetings and even webinars for mass Google + audiences.

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