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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 virt ...
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