An Approach for Creating Business Model for Using Virtual Tools in Startup Companies

Pavel Petrov, Svetoslav Ivanov () and Volodymyr Petrivskyi ()
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Svetoslav Ivanov: University of Economics - Varna, Varna, Bulgaria
Volodymyr Petrivskyi: Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2020, vol. 9, issue 3, 19-26

Abstract: The forms of business organizations follow some steady trends driven by tendencies like the rapid development of IT and the transition of information systems. The application of virtualization and the use of virtual tools by start-up companies are discussed. The article reviews the phases of the business model and software product development. The activities in them are grouped and sample tools for each is listed. Also, the modern form of organization as the virtual office and corporation are reviewed as becoming necessary. In detail, the startup company is reviewed in the form of a virtual corporation with its characteristics. They are classified and areas of application and management issues are discussed. Finally, the coverage of activities with virtual tools is evaluated and summarized.

Keywords: business organization; startup; virtualization; virtual corporation (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:9:y:2020:i:3:p:19-26

DOI: 10.36997/IJUSV-ESS/2020.9.3.19

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