Impact of Virtual Office on Business Environment (Published)
This study focused on the impact of virtual office on business environment. A virtual office gives businesses a physical address and office-related services without the overhead of a long lease and administrative staff. For a better understanding of the impacts, the researcher established first the link between technology and office work. It was found that with the advent of technological advancement, office works required the use of updated technologies for the ultimate goals of being globally competitive. The reasons for adopting virtual offices include reduction of costs of production and services, improvement of performance, increased work productivity being up-to-date, and becoming at the competitive edge over other markets. Given the findings, it was concluded that adoption of virtual office work have a positive impact on performance and it creates employment opportunities rather than it eliminates. The challenges can be addressed by providing early notice about the change, the conduct of planning and training so that the personnel can successfully adapt to the change and displacement of workers will be prevented.