Virtual Offices

Paper Summary:

This paper provides a brief study of virtual office and virtual business and the success of this new model in the present day business environment; which will help us get a better understanding of this developing business culture.

From the Paper:

"Virtual organizations are different from traditional mergers. A Virtual organization is more of a network of companies that work together towards providing better service by way of their core competencies. In this way the domain expertise of each company in the virtual network is shared with the other members in the network resulting in improved service. Technology, Opportunism, "No Spatial constraints", Trust and Excellence are the five main attributes of any virtual business. [Luthans Fred]. Technology helps companies, which are geographically far dispersed to work together. Opportunism explains the nature of the relationship between the organizations coming together. Traditional merger of companies is a more solid and permanent process. Unlike traditional mergers, which involve a commitment, opportunistic concept in the virtual domain reflects the flexible nature of the relationship. Thus virtual organizations are entirely different from the traditional view of organizations as a highly organized and relatively solid structures. "

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