Info About International Virtual Corporation With two Examples?And What are Virtual Corporations in General?

Question

Explain wht International Virtual Corporation is and also Give two Examples
Second part of a question is: Wht Is Virtual Corporation In general.

Answer 1

To the layman a virtual corporation is one which outsources much of its functions. A typical definition of a virtual corporation (taking the dimension of time) is:
"a temporary network of independent companies linked by IT to share skills, costs, and access to one another's markets" (Business Week)
However, another definition relates to an organisation not having a clear physical locus. Here a typical definition is:
"an organization distributed geographically and whose work is coordinated through electronic communications."
Both definitions show how information and communications technologies can be used to exploit the dimensions of time and space. The virtual corporation is thus called because it accesses outside knowledge and resources, as well as its own, in order to supply its goods or services. A virtual corporation therefore always involves several real corporations, which are also called partners. A virtual corporation is a specific example of a networked organisation. Many smaller companies are now realising the benefits of being part of a virtual corporation, which can give them the benefits of the resources of a large organisation while retaining the agility and independence of a small one.

Take Microsoft, for example, whose core competence is in the area of standard software development, which has surrendered its production, sales, marketing and distribution activities to third parties. The corporation merely reserves the right to select and carry out quality inspections of its "suppliers".
Other examples are IBM, HP, Sun, and Compaq, with decentralized, partner-oriented cultures.

Click on the links for more on virtual corporations.

Answer 2

Likely b/c those "virtual legal docs" provide jobs, services and products which more than pays for the taxes they secure...whether explicitly or implicitly by making the lives of everyone easier. And to be reasonable, corporations were a vehicle used to combat litigation and personal liability -- it was a transition away from business models that kept the "owners" liable -- a risk-management tool. If lawyers & people who sue were honest and didn't sue for everything under the sun, it's likely corporations would have never been conceived.

Answer 3

Microsoft and Google , defintion of virtuual corporation > 90% of market ,they can monopolise the market and undercut any new potential startups.