As technology is growing rapidly new terminologies and concepts are being introduced. The concept of vituality is among one of them. This concept is now getting old but new developments in this sector are amazing for example a popular social networking website Face book is going to launch a virtual currency very soon…
Following are some of the examples of virtual organizations:
According to Rheingold H, The Virtual Community, Minerva, 1995, "Virtual organizations' are a set of organizational that rely on multiparty co-operative relationships between people across structural, temporal and geographic boundaries. Flexibility is brought about in part by reconfigurable networks of computer based communications that allow organizations to co-ordinate their activities and in part by a management philosophy based on collaboration and innovation".
Lipnack & Stamps (1997) define a virtual team as "a group of people who interact through interdependent tasks guided by common purpose" that "works across space, time, and organizational boundaries with links strengthened by webs of communication technologies"
According to a popular saying need is the mother of invention same happened with virtual organizations. You feel that you should have such an organization where you can save as much money as you car, it might be the cost of an office structure or if you want to get rid of physical barriers so what would be the solution Yes it is a virtual organization. Because of virtual organization you are able to work from any place. You don't have to walk or drive to office.
Structure or a virtFollowing is the basic structure of a virtual organization :
Reasons of an ...
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It is possible to operate these virtual organizations from a single computer. The extent to which these virtual organizations have come of age has been suggested through their work domains and processes. It is for this reason that the virtual organizations are now being taken more seriously than ever before in the past.
This paper will identify the common characteristics in organizations, highlight some of the traits of an open and closed system of organization, and review some of the designs for creating an effective culture and environment in which an organization is given the ability to grow and thrive in the competitive external environment.
For virtual offices, however, you still require staff and this brings us to staffing strategies employed by virtual organization.
In most virtual organizations, staff is hired almost with the same criteria in mind as regular staff. The qualifications and experience are still important for these employees to become part of the organization but regular face-to-face interviews are not conducted.
Rather, it exists virtually and collaborates on a network. There is no office or physical presence of the organization, yet the organization exists in its full form and function.
There are many attributes that combine and form a virtual organization. The first one is that it is a network of various skills, abilities, talents and capabilities, which is vast yet dispersed on a geographical area.
There are 3 major components of an agile and virtual organization i.e. these companies outsource, build strategic alliances, have or are moving towards a boundary less structure and qualify as a learning organization. It is very important that the 3 different terms that have been used can be distinguished amongst and hence it is extremely important to define these terms.
Therefore, globally growing organizations must be aware that setting up global teams has its own particular challenges.
Virtual organizations are here to stay and what they need to do today is to build a culture which would give an existence to the organization in the minds of its members and a sense of identification and belonging which will bring them together in spite of limited interactions.
The new market caters to users under any age and class.
As improvements are made, the need for social network sites is also established. This allows the users to communicate freely in an atmosphere without their opinions being hampered by any authority. This includes allows diverse audiences to interact and old friends to reconnect.
Isn’t it amazing that you will have a virtual currency and you might buy something from this currency?
Gradually this concept keeps on growing and became “Virtual world”. Normally we call internet a virtual world. Now some people