Virtual Corporation

As more and more companies are outsourcing various organizational functions and are paring together down to their core competencies, they might not be able to perform all the tasks required to complete a project. However, they certainly can perform their own highly specialized part of it very well. Now, if you put together several organizations whose competencies compliment each other and have them work together on a special project, you’d have a very strong group of collaborators. This is the idea behind an organizational arrangement that is growing in popularity—the virtual corporation. A virtual corporation is highly flexible, temporary organization formed by a group of companies that join forces to exploit a specific opportunity.

Technologies are changing so rapidly and skills are becoming so specialized these days that no one company can do everything by itself. And so, they join forces temporarily to form virtual corporations—not permanent organizations but temporary ones without their own offices or organizational charts. Although virtual corporations are not yet common, experts expect them to grow in popularity in the years ahead.

My Coultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Lectures, Line of Sight

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