Literature Review from the year 2004 in the subject Business economics - Business Management, Corporate Governance, University of Phoenix, language: English, abstract: As technology has evolved, the reality of virtual organizations has begun to take hold in a variety of industries. It is now commonplace for employees to work, at least in part, from offsite. Telecommuting is a reality that has allowed companies to reduce costs, become more competitive, and facilitate happier more productive employees. Virtual employees, or telework is one of the most radical departures from standard working conditions in the suite of flexible work practices now gaining widespread acceptance. (Daniels, Lamond, & Standen, 2001) Literature Review: Managing Professionals in Virtual Environment