Virtual Business Models: Entrepreneurial Risks and Rewards focuses on companies with technology development, offering inspiration, guidance, and hands-on advice on how to utilize the potential of a virtual company format.
The book provides an overview of key aspects of the company's activities, putting them into a comprehensive structure.
In addition, both the rewards and risks of using the virtual company format are explored.
The virtual company format is here defined as a company with a small dedicated core staff.
The company's development is performed by strategic alliances with external resource providers.
In this way, the utilization of financial resources can be optimized with cost-effective product development.
The book explores this concept and why it is attractive in a start-up phase for both companies who want to remain virtual and those that eventually want to develop into integrated traditional companies.
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