virtual organization

virtual organization
Ops
a temporary network of companies, suppliers, customers, or employees, linked by information and communications technologies, with the purpose of delivering a service or product. A virtual organization brings together companies in strategic partnering or outsourcing arrangements, enabling them to share expertise, resources, and cost savings until objectives are met and the network is dissolved. Such organizations are virtual not only in the sense that they exist largely in cyberspace, but also that they employ various forms of flexibility unconstrained by the traditional barriers of time and place, such as virtual teams. A greater level of trust is required between employer and employee or coworkers, or partner organizations, because they will be working out of one another’s sight for the majority of the time.

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