Virtual Relationships
Virtual Glossary
The terminology below, which emerged from within dynamic business environments and became standard, serves as an inspirational reminder of the possibilities and advantages of virtual collaboration.
Q. What is a Virtual Organization?
A. A Virtual Organization is a temporary network of companies, suppliers, customers or employees, linked by information and communications technologies, with the purpose of delivering a service or product.
A virtual organization can bring together companies in strategic partnering or outsourcing arrangements, enabling them to share expertise, resources, and cost savings until objectives are met and the network is dissolved. Such organizations are virtual not only in the sense that they exist largely in cyberspace, but also that they employ various forms of flexibility unconstrained by the traditional barriers of time and place, such as virtual teams.
Q. What is a Virtual Team?
A. A Virtual Team, also known as a Geographically Dispersed Team (GDT), is a group of individuals who work across time, space, and organizational boundaries with links strengthened by webs of communication technology. They have complementary skills and are committed to a common purpose, have interdependent performance goals, and share an approach to work for which they hold themselves mutually accountable. Geographically dispersed teams allow organizations to hire or contract and retain the best people regardless of location.
Q. What is a Teleworker?
A. Teleworkers are defined as individuals who work from home.
A virtual team does not always mean teleworker. Many virtual teams in today's organizations consist of companies, employees working at home (teleworkers), and small groups in the office — in different geographic locations.
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