virtual company

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Also found in: Financial, Acronyms.

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 ?
Virtual Corporation. COSMOS structure, tools & solutions for business transformation, Ed McGraw-Hill, Madrid, 1998,1999
Executives on the panel felt that the notion of a virtual corporation is more welcome at European than American companies.
In its final form, the virtual corporation will have a tiny staff, an enormous amount of money, and perform three functions: planning, collaboration and money management.
Virtual Corporation is offering Maturity Model[SM] for free on the Internet, with the only catch being that the company's service mark must be retained when using the model.
The virtual corporation: structuring and revitalizing the corporation for the 21st century.
As a result, this organizational arrangement appears to the customer as a whole, a unit, we can also say a `black box' and, therefore, it is called a "virtual corporation" (p.
This paper is a case study that discusses the creation of a virtual corporation for use in teaching public relations techniques at the University of Tennessee at Martin.
It is written by Larraine Segil, the CEO of the virtual corporation Larraine Segil Productions Inc.
They have learned that mission-critical business opportunities abound and they must implement many e-commerce initiatives along the way to building the virtual corporation that thrives in the Digital Economy.
With Total-e-B2B, a company can rapidly and reliably establish a virtual corporation with any-to-any communications between its outside partners, suppliers and customers, as well as internal users and systems.

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