Examine the statements below and, considering the informatio...

    The decision to use a physical office vs a virtual office depends on your business goals and needs. Typically, the first question a company’s leadership asks is what kind of organizational strategy we want to employ: 100% in-office, fully remote, hybrid, or remote-first. If the organization chooses in-office or hybrid, then a physical office will be required.

    Physical office spaces allow all your employees to be in one central location. They offer an environment that provides face-to-face communication, and they can also be a great way to show off your brand with a custom address or building sign.

      If your organization chooses to adopt a hybrid, 100% remote, or remote-first workplace strategy, then the company should invest in a virtual office. These organizational structures allow employees to work from home offices, coffee shops, parks, airplanes, hotels, and anywhere else with Internet access. It’s a great option if you have employees who work from home or are located in different parts of the world. It’s also a good choice if you want to avoid the high costs of owning or renting office space.

     Overall, both virtual offices and physical offices have their benefits. It all depends on what you need from your business space. Virtual offices are often cheaper than physical offices. They don’t require a longterm commitment and they offer more flexibility. Physical offices are great for companies with employees in the same geography. They provide a professional work environment and offer the convenience of being able to work in the same space.

Source: https://www.kumospace.com/blog/virtual-office-vs-physical-office#. Accessed on: January 30th, 2023. [Adapted].