hyderabad corporate honchos who lose little time in jumping on to the tech bandwagon now have yet another innovation to swear byvirtual management which enables one to do business by relying on technological communications rather than facetoface interaction has made its way into the city r k sastry a computer professional explains virtual management is a new form of work and is significantly different from traditional forms of doing business in virtual management one manages a team or looks over various business activities from the office or home through a technologybased network but now corporate offices in the city too are using this facility which reduces facetoface contact these are the principal differences between virtual and traditional business managementbeing an effective way of saving both cost and time many of the citys software firms are taking up virtual management it helps cut cost by at least 35 per cent compared to the traditional way of conducting business the company can gain on isd calls and virtual managers save time by working at their own convenience this way it gives an edge to companies dealing with global sales and project management says netripples president and managing director mazar pasha pashas company is among the many that have installed virtual management softwares in the city as well as abroad to communicate with subordinates and business partners through email fax or videoconferencing the concept which also involves sharing files and databases across separate locations has caught the eye of many software companiesthese companies are poised to get cracking on further innovations in this regard the reason is that virtual management products command a major demand abroad with many software firms exporting it to the european and the us marketsbesides companies business schools too have joined the virtual milieu they are grooming virtual managers who are updated with the innovations in communication technology the indian school of business for instance covers a wide range of topics like corporate transformation through it creating value from technology and strategic analysis of it which are all connected to virtual management