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Virtual Organization

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Explain virtual organizations and address the question do networks represent a new hybrid form of organization, combining the benefits of control and flexibility, or simply a transitionary stage from form to market transaction?

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The virtual organization is an entity that does not exist in any one inner location but instead exists only through the internet. Usually, the members of the organization are geographically apart, usually working through group software but appearing to outsiders as a single company with real location.
The network represents' a new hybrid form of organization. It has relatively lower costs than the normal organization, its benefits cover a large area and there are designs that are appropriate in different situations. The network shows a high degree of ...

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