Home » In an age when more and more companies are downsizing, an increasingly trendy concept is the “the virtual corporation.” Custom Essay

In an age when more and more companies are downsizing, an increasingly trendy concept is the “the virtual corporation.” Custom Essay

In an age when more and more companies are downsizing, an increasingly trendy concept is the “the virtual corporation.” The idea is that a company should have a core of owners and managers, but that, to the greatest degree possible, workers should be contingent – temporary, part-time, or on short-term contracts. This gives the corporation maximum flexibility to shift vendors, cut costs, and avoid long-term labor commitments. What are the advantages and disadvantages of the virtual corporation from the point of view of both employers and workers?

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