What is a Virtual Corporation?

A virtual corporation is a team of individuals chosen to fulfill a specific task and function as if they were all part of the same company with a common goal.

Corporations exist to provide a structure for effectively harnessing the capital, resources, and people required to fulfill a market need. Over time, corporations tend to lose their original market focus and build up bureaucracies and overhead structures that detract from their ability to meet customer needs. They tend to sell what they have to offer rather than design a service that the customer needs (which may require services that are not part of their core competencies).

A virtual corporation, on the other hand, exists only to serve a specific need. The team is carefully chosen to meet only this need and no other. Team members come from anywhere in the world based on specific competencies such as technical expertise, facilities, creative talent, specific products, or lowest cost. At the completion of the project, the team dissolves.

The key success factor of a virtual corporation is seamless integration of services and a common goal of customer satisfaction. All the contractual details of how the team works together must be completely transparent to the customer who can interact freely with any team member and know that there is no conflict of interests within the team.

Intelliaction provides the structure, project management, and network required to ensure that the team functions as a virtual corporation. Intelliaction's extensive network offers a one-stop point of contact for commercializing or investing in advanced technology.

In today's global competitive economy, no single company has all the resources to deliver all the services that their clients need. The virtual corporation, however, adapts to fit the market needs and always delivers the optimum solution that the world has to offer.

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