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KnowledgeCity

Utilizing Virtual Businesses

Embrace the freedom of the virtual business world.
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Course: On-Demand
Essential Provider ميكي جو بارك  35 Lessons ·  1h 44m  in English 

Course Description

In today's global business community, a thriving business doesn't require the burden of a central location. Whether you are starting a new business or converting a current business, this course demonstrates the benefits of operating in the virtual world, teaches the skills of competing with virtual leverage, and shows how to create a winning team of talent working from virtual hubs.

What You'll Learn

  • Recognize the benefits of operating a business in the virtual world
  • Identify who benefits from a virtual business model and why
  • Compete using virtual leverage to gain a competitive edge
  • Build and manage a winning team of talent working from virtual hubs
  • Address the challenges of running a virtual business, including location, credibility, productivity, compensation, culture, and technology
  • Evaluate whether to convert a business to virtual operations using qualifying questions and risk assessment

Key Takeaways

  • A thriving business does not require the burden of a central location in today's global business community.
  • The course applies whether you are starting a new business or converting a current one to virtual operations.
  • Operating virtually offers quantifiable benefits and the ability to get more with less.
  • Running a virtual business involves challenges such as location and credibility, productivity management, compensation, culture and leadership, and technology, skills, and support.
  • Succeeding as a virtual organization draws on self-directed team characteristics and attention to workflow and quality.

Frequently Asked Questions

Who is this course for?

It is designed for people starting a new business as well as those converting a current business to operate in the virtual world.

What does this course cover?

It demonstrates the benefits of operating virtually, teaches how to compete with virtual leverage, and shows how to create a winning team of talent working from virtual hubs. It also covers the challenges of a virtual business, including location and credibility, productivity management, compensation, culture and leadership, and technology, skills, and support.

Will this course help me decide whether to convert my business to virtual?

Yes. It includes qualifying questions for virtual conversion, virtual performance, risk assessment, and workflow and quality considerations to support that decision.

What will I learn about managing a virtual team?

The course addresses people challenges and the characteristics of self-directed teams, along with how to create and lead a winning team working from virtual hubs.