Virtual corporation

Virtual corporation

Virtual Corporation Similar to Virtual Business, a Virtual Corporation can operate without a physical identity (on-line business, e.g. Amazon.com). Brick and mortar companies can also dovetail concepts of the Virtual Corporation into the business. For example, Many brick and mortar companies also have websites that enable e-commerce. Many brick and mortar companies leverage their telecommunications infrastructure with the goal of reducing costs (telecommute or WFH-work from home). Many brick and mortar companies are leveraging Web 2.0 (mass collaboration) to gain a competitive advantage in the marketplace. This may include outsourcing many of the business functions like marketing, operations management and new product development. This also includes collaborating with suppliers and competitors in certain situations.

The virtual corporation can be a temporary network of independent companies--suppliers, customers, competitors, linked by information technology to share skills, costs, and access to one another's markets. It will have no hierarchy nor vertical integration. [Business Week] Also known as a cooperative agreement between two or more businesses entities to combine their resources in order to achieve a shared goal. By bringing in additional partners, unlimited skills and resources can be pooled. Partnerships are usually temporary and are dissolved once a common goal is achieved. [Barron's Marketing Dictionary] They do not have corporate offices and usual have no bricks or mortar tied to them.

References


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • virtual corporation — ➔ corporation …   Financial and business terms

  • VIRTUAL CORPORATION - виртуальное предприятие — сообщество географически разделенных работников, которые в процессе труда общаются исключительно электронными средствами при минимальном или полностью отсутствующем личном контакте …   Словарь электронного бизнеса

  • Виртуальное предприятие/VIRTUAL CORPORATION — предприятие, состоящее из сообщества географически разделенных работников, которые в процессе труда общаются, взаимодействуют, используя электронные средства коммуникаций при минимальном или полностью отсутствующем личном, непосредственном… …   Толковый словарь по информационному обществу и новой экономике

  • Virtual Rendezvous — is the name of an on going open software effort, and the virtual corporation supporting it, whose short name is Rendezvous.History Virtual Rendezvous was the name chosen by Charles L. Perkins in 1993 for a virtual corporation that focused on the… …   Wikipedia

  • virtual enterprise — UK US noun [C] (also virtual company, virtual corporation, virtual organization) WORKPLACE, IT, INTERNET ► a group of people who work together on a project, communicating mainly by phone, email, and the internet, rather than regularly going to a… …   Financial and business terms

  • Virtual organization — Several unrelated things are named virtual organization:* In business a virtual organization that can take one of the following forms: ** an organization that outsources the majority of its functions; see virtual corporation ** independent… …   Wikipedia

  • Virtual Magic Kingdom — Developer(s) Walt Disney Parks and Resorts Sulake Corporation Publisher(s) Walt Disney Parks and Resorts …   Wikipedia

  • Virtual Pro Wrestling 2: Odo Keisho — Virtual Pro Wrestling 2: Ōdō Keishō Virtual Pro Wrestling 2 Ōdō Keishō Éditeur Asmik Ace Entertainment Développeur Aki Corporation Date de sortie 28 janvier 2000 (Japon) Genre Catch Mode de jeu …   Wikipédia en Français

  • Virtual Pro Wrestling 2: Oudou Keishou — Virtual Pro Wrestling 2: Ōdō Keishō Virtual Pro Wrestling 2 Ōdō Keishō Éditeur Asmik Ace Entertainment Développeur Aki Corporation Date de sortie 28 janvier 2000 (Japon) Genre Catch Mode de jeu …   Wikipédia en Français

  • Virtual Memory System — Virtual Memory System/OpenVMS Basisdaten Entwickler Digital Equipment Corporation Version …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”