| Glossary  The CGS Service Offering Portfolio, an integrated framework of 
              services offered to clients by Cap Volmac Group and its sister organisations 
              within CGS, is outlined below. 
              
             Consulting  Advice provided to improve performance by means of innovative 
                solutions to clients' business problems. Consultancy includes 
                the application of expertise, knowhow and understanding of strategic 
                business planning and the improvement of operational business 
                processes, information technology and its practical utility. 
              
             Strategic Consulting  Design and implementation of solutions to business problems 
                at the strategic level. Advice and support for senior management 
                in formulating strategy, making strategic decisions based on analysis 
                of business problems and assistance with taking corrective action 
                and implementing strategic options and plans. 
              
             Organisational Consulting  Design and implementation of programmes to bring about change 
                in one or more business functions in order to achieve a permanent 
                improvement in performance. Advice, support and expertise in the 
                field of management techniques, personnel, optimisation of business 
                processes and information flows. 
              
             Information Technology 
              Consulting   Advice and expertise relating to the organisation of management 
                information systems and IT management, and advice and expertise 
                on the use of information technology in business. 
              
             Application Consulting  Advice and expertise relating to business information needs 
                and application software. 
              
             Project Services  A group of services which has been developed to help clients 
                to implement information systems and the associated processes 
                of change. 
              
             Systems Integration  As principal contractor, providing for project management, planning, 
                design, building and implementation of complete information systems 
                by integrating components (hardware, software, communications 
                etc.) from different suppliers. 
              
             Software Development  Providing for project management, planning, design, building 
                and implementation of clientspecific applications, taking responsibility 
                for achieving contractually specified results. 
              
             Migration  As principal contractor, providing for project management and 
                implementation in relation to the migration of information systems 
                from one technical infrastructure to another (including dismantling 
                the existing environment, establishing the new infrastructure 
                converting, redesigning or replacing applications). 
              
             Professional Services  Providing staff of an agreed level and quality of knowledge 
                and expertise to work on projects on which the client itself is 
                responsible for project management. 
              
             Information Systems 
              Management  Providing the maintenance required for the client's information 
                on the basis of a longterm service level contract, including 
                responsibility for planning, managment, availability, operation 
                and maintenance of some or all of the components of the client's 
                information systems (see also 'Facilities Management' and 'Outsourcing' 
                below). 
              
             Centralised Computing 
              Services  Providing ongoing management and operation of hardware used 
                for central dataoriented information systems on behalf of clients. 
              
             Distributed Computing 
              Services  Providing ongoing support for and maintenance of distributed 
                computer environments to optimise the client's infrastructure 
                and maximise usage, flexibility and costeffectiveness of applications. 
              
             Applications 
              Management Services  Taking contractual responsibility for the management and execution 
                of all activities relating to applications maintenance, within 
                closely defined service levels. 
              
             Network 
              Services  Providing access to and managing infrastructure networks and 
                valueadding applications linked thereto. 
              
             Hardware & 
              System Maintenance  Taking contractual responsibility on an ongoing basis for the 
                planning and execution of all activities relating to the maintenance 
                of hardware and system software, within closely defined service 
                levels, to maximise usage, flexibility and costeffectiveness 
                of applications. 
              
             Education & Training  A group of services which has been developed to improve the 
                motivation, knowledge and skills of the client's personnel in 
                terms of the use and management of information technology. 
              
             Management Education  Providing courses for nonlT management to introduce them to 
                and raise their awareness of useful and practical applications 
                of IT. 
              
             End User Training  Providing education and training for nonIT professionals to 
                help them understand IT and use it effectively in their daily 
                work. 
              
             Professional Skills 
              Training  Providing education and training to improve the knowledge and 
                skills of IT professionals in areas of their work which are unrelated 
                to specific information systems (such as methods, techniques and 
                tools). 
              
             Technical Training  Providing courses for IT professionals to improve their competence 
                and performance in the efficient and effective design, implementation 
                and operation of systems within specific technical environments 
                (programming languages, system software, DBMS etc.). 
              
             Software 
              Products  Supplying, implementing and providing ongoing support for readymade 
                packaged software solutions. 
              
             Methodologies & Tools  Computerised and noncomputerised instruments to assist in the 
                efficient and effective design and building of information systems. 
              
             Standard 
              Applications  Application packages to meet marketspecific or generic requirements 
                (such as logistics and financial systems). 
              
              Alphabetical list of other terms  
             Adaptive 
              systems  Information systems employing learning techniques, distilling 
                rules from historical data which are applied repetitively to improve 
                the internal process. Adaptive systems come within the domain 
                of knowledge engineering. 
              
             Business Modelling  A technique for representing business processes in a readily 
                understandable form. 
              
             Client/Server 
              Architecture  A hardware, software and applications architecture designed 
                to give optimum userfriendliness. PCs and related software (clients) 
                are used for the ultimate presentation of the information, often 
                in graphic form, while the server (such as a mainframe) is used 
                as the single system for information storage, processing, security 
                and distribution control. 
              
             Electronic Mail  Post sent by computer, ranging frorn a simple message sent from 
                one work station to another in a local network to messages sent 
                all around the world by X.400 network. The messages may be simple 
                written texts or complex communications that include sound and 
                graphics. 
              
             Facilities Management  Management and operation of a large part of a client's IT facilities 
                under a contract extending over several years. 
              
             Front Office  All the (usually physical) locations where customers are able 
                to gain access to a supplier's products and services, such as 
                travel agencies, bank branches and insurance brokers. 
              
             Groupware  Software that runs on a local network and enables network users 
                to take part in a joint, often complex project. 
              
             Information Superhighway  A system comprising all the facilities  infrastructure, basic 
                technology (hardware and control software) and electronic services 
                 needed to support the further digitisation of society and thus 
                the development of the nonmaterial economy. 
              
             Knowlegde Engineering  The development of applications to mimic or support such human 
                functions as reasoning and pattern recognition, for example clinical 
                diagnostic systems . 
              
             Multimedia  The field of information technology which is concerned with 
                the seamless integration of different types of information (data, 
                text, video images, sound, photographs) and their interaction 
                with human senses. Multimedia is particularly valuable in hightech 
                applications in new markets such as interactive TV, teleshopping, 
                remote learning, teleworking, video on demand, industrial design 
                etc. 
              
             Notebook  A portable computer roughly the size of an A4 page. 
              
             Outsourcing  Facilities management where the contractor takes over the hardware, 
                software and personnel. 
              
             Software 
              Factory  'Production line' development of application systems. New computer 
                tools are making it easier to generate software fully automatically 
                on the basis of specifications. The 'production line' approach 
                also facilitates reutilisation. 
              
             Team Support  Professional support for document processing and document creating 
                office organisations and processes. 
              
             Business  Systematic labour performed by people and companies, especially 
                for the creation of value. 
              
             Business 
              Operation  Business operation is the way a company is operated: the way 
                in which the business processes of a company are controlled and 
                executed, including the resulting products and services and the 
                external relations with customers, suppliers, partners and other 
                parties. 
              
             Business 
              Process  A business process is a certain activity or set of activities 
                with a specified output, carried out by people and resources in 
                a company. By business process we specifically mean the activity 
                in progress, meaning the control and execution of the activity. 
                Typical business processes are selling a car and fitting a dashboard 
                in a car. 
              
             Business 
              Sector and Branch of Industry  A business sector is a part of industry that includes a number 
                of related branches of industry. A branch of industry is a group 
                of companies that produce the same type of goods and/or services. 
                Banking firms and insurance companies are branches of industry 
                within the financial sector. 
              
             Collaborative 
              Applications  Collaborative applications are the IT applications in collaborative 
                systems. The applications facilitate the collaboration between 
                people, companies and other organisations. [1]. Collaborative applications in themselves are a co-operation of 
                objects [2] that are distributed among the computers in the network 
                system on which the collaborative system is based.
  
             Collaborative 
              (Information) Systems  Collaborative systems are information systems that are aimed 
                at supporting cooperation of people and companies, in other 
                words, organisations [1] and interorganisations. The basis of a collaborative system is a network system that connects 
                the workstations and the computers of all the people and companies 
                involved. This network system serves as a platform for the collaborative 
                applications that support the co-operation. The growing use of 
                IT in companies eventually leads to the existence of one big collaborative 
                information system based on a world-wide network of computers. 
                This information system supports the work and collaboration of 
                companies and private individuals.
  
             Communication  Communication is the connection between people for the purpose 
                of consultation or exchanging messages. Communication always involves 
                at least two parties in the roles of sender and receiver. 
              
             Company  A company is an organisation [1] of people and resources for 
                carrying on a commercial enterprise or business with the objective 
                to sell goods or supply services to other organisations [1] or 
                private individuals.In this book, the term company is used for all enterprises, institutions 
                and other organisations [1]  both commercial and non-profit 
                 that provide goods or services to third parties. Organisations 
                [1] with objectives other than the production of goods or services 
                for third parties are not considered companies, but they are regarded 
                as organisations [1]. The government, for example, is not a company 
                but an organisation [1]. Several organisation units of the government 
                are, however, companies with a clear product or service intended 
                for third parties.
  
             Computer 
              System (Hardware)  The term computer system refers to the whole of computer hardware, 
                components, peripherals and data communication equipment.Peripherals with the emphasis on the computer interface, such 
                as digital and analogue input and output, but also simple sensors 
                and actuators in process control, are usually considered to be 
                part of the computer system, too. Computer systems belong to the 
                basic elements of an IT infrastructure that facilitates IT applications.
  
             Control  Control is the operation, co-ordination and termination of (business) 
                processes.We do not only mean human-operated business processes, but also 
                processes that are operated by machines or computers.
  
             Co-operative Competition  Co-operative competition is a form of competition in which companies 
                constantly have to decide whether they should co-operate or compete. 
                It may be necessary to co-operate in order to arrive at a common 
                product or a common standard for new products or services. Competing 
                means offering similar products and services in the same market 
                place and applying different standards. Co-operative competition, 
                with its choice between competing and co-operating arises, because 
                companies depend, more than they used to, on co-operation  
                even across different business sectors  to be able to accumulate 
                the core competences needed to realise increasingly complex products 
                and services.
  
             Core 
              Activity  Core activities are the business processes a company must carry 
                out to be able to produce its specific products and services. 
                The core activities include the actual production process (the 
                so-called primary process) and the control and management processes 
                involved. With core activities, the emphasis is on the business processes 
                that are essential for the production process. When a company 
                confines itself to its core activities, this means that it will 
                contract out the activities that are not included in the core 
                activities to other companies, or that it privatises the business 
                units that execute these secondary processes. The leaner company 
                now purchases products or services from these new companies.
  
             Core 
              Competence  The core competence of a company forms the companys working 
                capital in the form of knowledge and skills of people and 
                in the form of immaterial, material and financial resources a 
                company must have to be able to produce its current products and 
                services as well as create new products and services with which 
                new markets can be opened up. When a company focuses on its core competences, it will always 
                try to have the right people and resources at its disposal to 
                be able to realise its present and future business operations. 
                If a certain competence is not available within a company, the 
                company will for example have to recruit new staff, enter into 
                strategic alliances with other companies or create the required 
                competence by means of research, development and training.
  
             Data  In IT the term data is the name for matters that 
                are digitally stored in the computer (in binary code) and that 
                are processed by means of programmes.In a wider sense, data are the elements that make up an immaterial 
                product, such as the characters and words in books, the images 
                and sound in films or the texts and pictures on a computer screen.
 The nature of data is therefore not so much determined by the 
                fact that they are digitally stored, but by the shape they take 
                on when they are presented via a user interface.
 The development of data runs from alphanumeric fields via texts 
                and pictures to multimedia with (moving) images, sound and speech. 
                The next phase is that of realistic objects [2] (virtual reality). 
                The user can use the computer to retrieve, enter and edit data, 
                store them on media such as magnetic disks and transmit them to 
                other computer via data communication. The traditional separation 
                between data and programmes vanishes when data are stored as objects 
                [2] that do not only contain static data, but also hold their 
                own instructions for interaction with the user and for the rest 
                of their behaviour. This is particularly true for virtual reality 
                objects of an interactive game-like nature.
  
             Data 
              Communication  Data communication is communication between computers. Data 
                communication concerns the exchange of digital data between computers. 
                This concerns messages with a contents varying from alphanumeric 
                fields to complete documents. Nowadays, data communication between 
                computers also supports digital speech telephone and videophone, 
                thus supporting direct communication between people. 
              
             Digital  Of or relating to calculation by numerical methods or by discrete 
                units. The term digital is used for equipment that works on the 
                basis of the representation of data and programmes in binary code. 
                Since nowadays, all electronic equipment is based on binary code 
                and binary circuits, the term electronic is often used instead 
                of the term digital. 
              
             Digital Highway  The Digital Highway is the future world-wide network with an 
                extremely high capacity for the transmission of digital data such 
                as multimedia documents, speech, sound and images. The network 
                connects the local network systems of companies, the home systems 
                of private individuals and the local stations that support mobile 
                communication. 
              
             Document  A document is a set of data (or objects [2]) recorded as a whole 
                and presented as such to the user. ā Examples of documents are 
                books, films or text documents stored electronically in computers. 
              
             Electronic  Electronic is the designation used for equipment that works 
                with circuits based on the behaviour of free electrons in conductors 
                and semiconductors. The designation electronic is used for all 
                equipment working with semiconductors and microprocessors. 
              
             Enterprise  Synonym for company. The term enterprise emphasises the fact that a company launches 
                activities of an innovative nature, in which process the company 
                consciously takes risks.
  
             Environment 
              (of a company)  The environment of a company is the circle of external relations 
                in which a company operates.The environment includes customers, suppliers, competitors, partners, 
                the government, public bodies and the media.
  
             Immaterial 
              Product  An immaterial product is a product with an immaterial contents. 
                An immaterial product consists of data that are stored on a material 
                medium. An immaterial product is the result of ideas in the human 
                mind, expressed by people in the immaterial product. An immaterial 
                product has a meaning for people, and it is converted into information 
                [1] in the human mind. 
              
             Information 
              [1]  Information is everything that is received by a person from 
                an external source in the form of messages, items of knowledge 
                or data.Information can enhance a users knowledge of or insight 
                into certain matters. Information can also trigger 
                the user to perform certain action or feel certain emotions.
  
             Information [2]  Formalised data (stored on external media) that can serve as 
                input for data processing machines such as computers.This is the meaning of the term information in present 
                day information technology. By information, people mean data in 
                the form of alphanumeric fields that are formally stored in databases. 
                As a result of the development of multimedia and virtual reality 
                the computer is also capable of storing unformalised and unstructured 
                data, and therefore all kinds of immaterial products. In this 
                book we rarely use the term information in this sense. 
                We prefer to use terms such as data, documents 
                or objects [2].
  
             Information 
              System  An information system is a data processing system that engages 
                in collecting, processing, editing, storing, transmitting and 
                supplying data relating to a certain area of application. The term information system is normally used in a narrower sense 
                to refer to an automated system, It then refers to the applications 
                in combination with the IT infrastructure. In a wider sense the 
                information system includes all the procedures and resources in 
                connection with the data of a certain area of application. A non-automated 
                administrative system is therefore an information system, too.
  
             Information 
              Technology (IT) [1]  Information technology (in a narrow sense) is the industry involved 
                with designing and constructing the hardware and basic software 
                to be used in computer systems. This definition refers to a rather technical form of information 
                technology.
  
             Information Technology (IT) [2]  Information technology (in a wide sense) is the whole of applied 
                knowledge of designing and organising computer systems and IT 
                applications and of supporting the use of these systems and applications. 
                Information technology [2] does not only include the technical 
                aspects, but also matters such as application architectures and 
                knowledge of methods and techniques involved with the development, 
                management and use of information systems. In this book we use 
                the term IT in this wider sense.
  
             Infrastructure  The infrastructure consists of the resources of a company that 
                have the following basic characteristics: 
                
                  the resource is of a relatively durable or permanent nature;
the resource is a facility that to a large extent functions 
                    independently of the specific use made of it;
the resource is a facility for general and common use. The infrastructure therefore constitutes the permanent part 
                    of the resources of a company, for example buildings, computer 
                    systems and the telephone system. Companies also use external 
                    (public) infrastructure, such as roads, telephone networks 
                    and electricity supply.
  
             Interface  An interface is the tangent plane between man and 
                computer (the user interface) or the link between components (both 
                software and hardware) in computer systems. Data are exchanged 
                in two directions via the interface. The nature of the term interface is well expressed in its German 
                equivalent: Schnittstelle. There have to be proper standards concerning 
                the way the data are exchanged via the interface. This standardisation 
                concerns the functional meaning of the data, their physical shape 
                and the technology used for the interface. A proper standardisation 
                of the user interface leads to the simplification of human/computer 
                interaction and contributes a great deal to the transparency for 
                the user. The standardisation of the interfaces between components 
                facilitates the reusability of components and stimulates the development 
                of world-wide computer networks with collaborative applications.
  
             Interorganisation  An interorganisation is an organisation [1] of independent legal 
                bodies, both natural and artificial persons, who have agreed to 
                co-operate as one organisation [1] and possibly to act for the 
                world as one organisation [1]. ā The term interorganisation is 
                introduced in this book and it is mainly used for interorganisations 
                of legally independent companies and possible freelance workers 
                who have entered into agreements to work as one organisation and 
                deliver products or supply services to others together. 
              
             Interorganisational 
              System  An interorganisational system is an information system that 
                supports the common business process of an interorganisation of 
                companies and private individuals.An interorganisational system is based on a network system that 
                connects the computers of the companies and people involved and 
                uses applications that support the control and execution of the 
                common business process. An interorganisational system is a specific 
                form of a collaborative system, aimed at the co-operation between 
                independent organisations [1].
  
             IT 
              Infrastructure  The term IT infrastructure refers to the part of the infrastructure 
                of a company that forms a platform for the IT applications.The IT infrastructure of a company consists of :
 
                  the computer systems of the company; 
                  the supporting software (middleware) needed to develop, 
                    manage and operate IT applications, such as operating systems, 
                    database management systems, development tools and management 
                    tools. 
                  
             IT 
              Application  An IT application (or simply, an application) is formed by the 
                programmes and data or the objects [2] of an information system 
                that support a certain business process. To the user an application appears as a unit that automatically 
                executes a certain business process or supports the user in executing 
                the process. At present, an application is a programme that is 
                activated by the user. In the future, an application will consist 
                of objects [2] that are opened by the user. Generic applications, 
                such as a word processor, support certain generic tasks. Specific 
                applications support certain prescribed business processes , for 
                example a certain clerical process.
  
             Material 
              Product  A material product is a product that is the result of the processing 
                of matter (raw materials) by people (manually or with the use 
                of tools) or by machines.A typical example of a material product is a car.
  
             Message  A message is a set of data exchanged between people who communicate 
                orally, in writing or via machines (for example computers).A message is intended to convey certain information [1] from a 
                sender to a receiver.
  
             Multimedia  Multimedia is the part of information technology that is involved 
                with the integrated processing and presentation of all types of 
                electronic data, such as text, images and sound. Multimedia works 
                with electronic documents that can contain all of these types 
                of data in the form of electronic objects [2]. 
              
             Network  A network is a set of interconnected items.The term network is used in three different ways in this book 
                :
 
                  A network of computers that are interconnected by means 
                    of data communication lines (a network system). 
                  A network of collaborative applications in the form of communicating 
                    objects [2] running on the various computers in a network 
                    system. 
                  The network as a form of organisation in which relatively 
                    autonomous companies and people collaborate on the basis of 
                    equality. 
                  
             Network 
              System  A network system is a computer system based on a network of 
                computers.The term network system is used to distinguish from the traditional 
                company computer systems that are based on one central computer 
                and from stand-alone personal computers. A network system contains 
                workstations for the users and server computers for tasks such 
                as data storage, network control and massive transaction processing.
  
             Nonmatter  Everything that does not consist of matter: the immaterial.The term nonmatter is used to distinguish from matter, the (raw) 
                materials from which material things (material products, the human 
                body) are made up of. Nonmatter is the data (the immaterial 
                raw material) of which immaterial products are made up of. 
                The knowledge and insights in the human mind, which are expressed 
                in spoken language, are nonmatter, too.
  
             Nonmatter 
              Revolution (Information Revolution)  This is our name for the coming socio-economic revolution in 
                which through the application of IT the importance and the role 
                of immaterial products in society will increase strongly. In literature, the name for this is the information revolution.
  
             Object [1]  An object is everything that presents itself to the human senses, 
                or it is a thing, a process or a person of which people are speaking 
                or thinking.Objects can be both real and imaginary.
  
             Object 
              (in the form of an IT application) [2] 
              An object in the form of an IT application is a set of digital 
                data intended to imitate, store and render the behaviour of an 
                object [1].An object consists of:
 
                  An object can interact with the user via a user interface and 
                it can communicate with other objects by means of messages. Objects 
                facilitate the creation of a new kind of immaterial product. Until 
                today, immaterial products were constructed of static data, for 
                example the text in books, images in a film and digital data in 
                a database. The images in a film can render dynamic behaviour 
                through projection, but this behaviour will be the same at every 
                projection session. An immaterial product consisting of objects, 
                contains data that hold the instructions for its own behaviour. 
                The user or the object itself can modify these instructions.the data necessary to store and render the state of the 
                    object [1]; 
                  the instructions (also consisting of digital data) to imitate, 
                    store and render the behaviour of the object [1]. 
                  
             Organisation 
              [1]  An organic and purposefully sought co-operational structure 
                of natural persons or legal bodies, who may or may not be using 
                resources.In this definition, an organisation is an independent, structured 
                body of people and resources that execute certain processes. A 
                company is an organisation that supplies products or provides 
                services to other persons or legal bodies. An organisation does 
                not necessarily have to be a company, but a company is always 
                an organisation.
  
             Organisation [2]  Organisation [2] is the act or function of organising.In this definition, organisation is an activity, as 
                in He is in charge of the organisation of this meeting.
  
             Organisation [3]  Organisation [3] is the way in which an organisation [1] functions. 
                Preferably, this is the result of the act of organising, but sometimes 
                an organisation [3] has grown historically without conscious organisational 
                activities. The following is true in this definition: a company 
                has an organisation, by which we mean a specific configuration 
                of the human and other resources and a specific lay-out of the 
                business operations, in which the roles of people and resources 
                are defined. It is this organisation [3] that changes in a business 
                transformation. There are different organisational forms, such 
                as the hierarchic organisation and the network organisation described 
                in this book.
  
             Policy 
              (of a company) 
              Strict: The desired way of collaboration of people within a 
                company within a pre-set common frame of reference that includes 
                ideas, preconditions, principles and standards. Wide: Policy can 
                also include the establishing of the vision, the objectives and 
                the business strategy of a company. 
              
             Policy making 
              The establishing of the company policy. Policy making can be a conscious and well-organised process within 
                a company. It usually is a continuous and often implicit process 
                in companies.
  
             Product  A product is something produced by physical labour or intellectual 
                effort which is transferable to others. ā Work done by a company 
                results in a product that can be sold and supplied to customers. 
                The product becomes the possession of the customer. The customer 
                in turn can sell the product or lend it to third parties. 
              
             Programme  A programme is a set of coded instructions according to which 
                an electronic device (such as a computer) is to process, store 
                or present data or according to which the behaviour of an electronic 
                device (such as a robot or a modern sewing machine) is controlled. 
                Computer programmes as well as computer data are represented in 
                binary code. The current distinction between programmes and data 
                is becoming increasingly dim since programmes and data are more 
                and more often combined in objects [2] that include both the data 
                and the instructions for their own behaviour.
  
             Prosperity  Prosperity is a state of affluence and thriving social and economic 
                development, both for individual people and for society as a whole. 
                Prosperity does not only refer to economic growth, but also and 
                particularly to social progress and cultural bloom in which great 
                parts of the population share.
  
             Real Company  By the real company we mean that part of the business processes 
                of a company that takes place at the companys own premises 
                and that uses the companys own resources.The company premises consists of the central offices of the company, 
                the back-offices and production plants, where the actual production 
                or service offering processes and the management processes take 
                place, and the decentral, customer-oriented front-offices, such 
                as the branch offices and the shops that are used to approach 
                customers.
  
             Service  A service is an act performed for the benefit or at the command 
                of others. Services are supplied to other persons. The work done by a company 
                in providing a service does not produce any products that can 
                be sold to customers. Services are provided directly on behalf 
                of the customer, like in health care and education, or at the 
                customers home or office, with cleaning work, for example. 
                A service therefore has results for the customer, such as a better 
                health, new knowledge or a clean house or office. The results, 
                however, are not products that come in the possession of the customer.
  
             Telecommunications  Telecommunications are communication between people and/or data 
                communication between computers, taking place over a certain distance 
                by means of networks such as the telephone net and the Internet. 
              
             Transformation 
              A transformation is a deliberate change a company implements 
                in its organisation [3].The transformation can result in a change in:
 
                  For the sake of these business transformations, the configuration 
                of human and other resources is also changed, including the role 
                they play in the business operations.the scope of the company, consisting of the products or 
                    services the company offers in the marketplace; 
                  the external network of the company, consisting of the relationships 
                    with customers, suppliers, partners and other external persons 
                    and organisations; 
                  the way in which the business processes are controlled and 
                    executed. 
                  
             Virtual Company  By the virtual company we mean that part of the business processes 
                of a company that takes place outside the companys premises 
                and that uses resources of third parties.Examples of the virtual company are the home office of people 
                who work from home and personal home banking systems for clients 
                of banks (extended office).
  
             Virtual Reality  Virtual reality is the name for the part of information technology 
                that focuses on making realistic electronic objects [2] and user 
                interfaces that allow the user to undergo a certain situation 
                as realistically as possible. This situation may be created artificially 
                or may have been recorded at a different time or place than the 
                time or place at which it is rendered. 
              
             Well-being  The physical and spiritual welfare of people. Well-being is something personal for people. Well-being is not 
                connected with prosperity. Even without prosperity, people can 
                have a sense of physical and spiritual well-being. Conversely, 
                certain consequences of prosperity can threaten the well-being 
                of people. Well-being is determined by social stability and cultural 
                bloom rather than economic progress.
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