Evolution of Virtual Organizations

Virtual Organizations
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Virtual Organizations
Virtual organizations have continually evolved as technology advances. The internet and the world wide web breathed life into the possibilities of virtual organizations. In the last two decades of the 20th century, virtual organizations started being developed. The phenomenal technological advancement that has occurred since has helped exponentially increase the number of virtual organizations in contemporary society.
Virtual organizations have pros and cons. One of the advantages is the affordability of expertise. An organization can choose from a vast pool of experts across the globe at competitive rates. Secondly, there is flexible support due to the use of technology. Thirdly, optimization and automation of key activities are possible. Fourthly, there are very low levels of bureaucracy (Baack, D. (2017). Low bureaucracy leads to faster decision-mak...