The Benefits of the Virtual Corporation
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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?
Cite the reference in correct APA format and should include at least 1 external resources.
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From the point of view of employers, the virtual corporation as very distinct advantages. One distinct advantage that a virtual corporation offers to the employer is the ability to cut human resources costs significantly. When a corporation hires temporary and all part-time employees, the organization is free from the requirement to provide benefits to those employees, which saves the organization millions of dollars each year. In addition, the ability of a virtual corporation to ...
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