Abstract

Recently, we have witnessed several significant business and economic trends that have revolutionized the way we live and conduct our business. They include the globalization of business, the emergence of the stateless corporation and networked global corporations (virtual global corporations), and the emergence of the Internet and other data communication technologies. As the global marketplace expands, many multinational corporations (MNCs) have been influenced by mounting pressures to develop worldwide communication, distribution, and information networks that facilitate the free flow of information and goods across national boundaries. Such developments of telecommunication infrastructures allow many MNCs to implement global communication networks as a strategic weapon to help survive fierce global competition. Consequently, we will witness ever- increasing virtual phenomena, such as virtual workers, virtual offices, virtual teams, telecommuting, and virtual corporations. This paper discusses the emergence of new types of information technologies, virtual technologies, to support networked global corporations (virtual corporations). We discuss the virtual technologies to support the networked global corporations in communicating, decision making, creating and sharing data, and knowledge and the future of virtual technologies.

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