For Subscribers

Face Time? Managing employees in Second Life.

Last November, IBM CEO Sam Palmisano stood on the steps of Beijing's Forbidden City and addressed 7,000 IBM employees as a virtual representation of himself. He then took questions from employees, who were represented by their own avatars. Think The Sims, only in a corporate setting.

Could this work for your growing business? A company with 40 employees can likely shell out at least $5,000 for a basic but permanent Second Life meeting space and possibly pay someone to create and maintain the space.

The ability of a virtual venue to keep employees' attention may well offset the cost. "It creates an interesting element of a meeting that you wouldn't have otherwise," says John Beck, president of The Attention Company, a consulting and executive training firm.

To get the most out of virtual meetings, analyze if employees are tech-savvy enough to plug into the concept and enjoy it. If you do go ahead with a meeting, your company can create avatars for less tech-savvy employees. You'll also have to set some ground rules, like how to make sure employees got the gist of the meeting (a follow-up summary e-mail is one way).

If avatars seem far-out, keep an eye on teleconferencing, as companies like Hewlett-Packard and Cisco create better products that put both sides in sync.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Buying / Investing in Business

From a $120M Acquisition to a $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Business News

Mark Zuckerberg 'Insisted' Executives Join Him For a MMA Training Session, According to Meta's Ex-President of Global Affairs

Nick Clegg, Meta's former president of global affairs, says in a new book that he once had to get on the mat with a coworker.

Buying / Investing in Business

Big Investors Are Betting on This 'Unlisted' Stock

You can join them as an early-stage investor as this company disrupts a $1.3T market.