Issues and Challenges in Virtual Business

Issues and Challenges in Virtual Business

Introduction

The idea of virtual business sounds easy to manage but in reality, it is not. Applying all the management principles via internet or other sources have implications that business world does not understand. Three major challenges have been discussed in this case for highlighting the problems in virtual business. The problems are building trust, communication, and information sharing.



Discussion

The idea of virtual business has pros and cons respectively. The one of the major problems is building trust with in employees and key stakeholders. Many virtual companies face these problems. This concept ...