What is Visitor Location Register (VLR)

The existing ways of doing business are constantly changing. This is due to rapid changes in global economy. The opportunities in the present global markets have to be exploited at a rapid pace. The large centralized organizations which have established themselves over a considerable period may find it very difficult to introduce or diversify their product range in the present globalization scenario. They need to realize that managing technical knowledge, as well as innovative process in conducting business, is the way to remain competitive in the global market. Every business enterprise needs unique challenges to face in its sector. It is high time that they take advantage of the opportunities available across the globe by making use of the expertise of the global virtual teams. This chapter talks about a model for creation of global innovation model by global virtual teams who can design a product through the components of Information and Communication Technologies (ICT). Schelda Debowski (2006) rightly states that “Virtual Knowledge teams rely on Information technology to communicate” (p. 73).