For instance, as customers enter through the door, they expect to see desks, computers, filing cabinets, cubicles, and the like. Instead, they are greeted with couches and executives with cellular phones attached to their ears. This gives the employees the option of telecommuting and also makes communication easier while others are on the road.
Trees can breathe a sigh of relief now too.
This does not only save space and paper, but it also provides easier access to files when employees need them. Coincidentally, memos and faxes also appear electronically too. One such definition describes a virtual corporation as a team of individuals living all around the work that are selected according to their technical expertise, facilities, creative talents, specific products, and cost. Similarly stated, it is a temporary network of companies that come together quickly to exploit fast-changing opportunities. On the other hand, Michael Malone and Bill Davidow have incorporated all the aspects of a functioning business when they created their definition.