Describe new organizational business forms

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Question: Often virtual organization is used to describe new organizational business forms that emerge with the application of information and communication infrastructures. According to Fisher (1998) & Hoefling (2001) virtual organization stands for a task, project or permanent organization which is decentralized and independent of any spatial connection. The evolution of the virtual organization has helped organizations advance in the way they can communicate with numerous people. This can cut down on expenses and can create flexibility. People can work on a project and be in different locations but can collaborate together. I think the virtual setting saves time from taking people away from the work location to have meetings, and in this way people can have a meeting and communicate all while sitting in their office.

Reference no: EM133334873

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