Virtual-Style Organizations Have Both Proponents and Critics

question 71

Essay

Virtual-style organizations have both proponents and critics.Identify some of the advantages and disadvantages cited by each.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, often leading to the interconnectedness of world economies and cultures.

Corporations

Legal entities that are distinct from their owners, providing them with limited liability, and are created to conduct business.

Oligopoly

A market structure in which a few firms dominate the industry, leading to limited competition and potentially higher prices for consumers.

Deskilling Thesis

The argument that technological advancements lead to a reduction in the skill levels required for certain jobs.