Nowadays youngsters are more interested in becoming #Digital #Entrepreneurs. This presentation will help those who are interested in starting their own venture on an #Online Medium. #Virtual Organizations are the most booming industry with total market estimated to be around 50 Billion USD by 2020 in India alone.

1. VIRTUAL ORGANIZATION
Serial Number 43 – 48
Perspective Management

2. INTRODUCTION
• Its origin
• Does not have a physical presence
• Coming together of independent
firms
• Appear to be unified
• Highest quality, lowest price, timely
manner
• Multi-actor system – humans and
computers

3. CHARACTERISTICS
1. Outsourcing
2. Connected via Software – BOINC
Berkley Open Infrastructure for Network Computing
Grid Computing
CPU Scavenging
3. Business Without Walls
No User Interface Infrastructure in terms of tangibility.
4. Temporary Existence

4. TYPES
Basic Types of Virtual Organization
• Organization Network - Work organization that consists of several
autonomous organizations and that crosses boundaries of formal
organization.
• Network Organization - Work organization of humans and computer
actors that cooperate dispersed in place and time.
• Objective Virtual Organization - Formal organization with humans and
virtual actors in which virtual actors replace humans
• Subjective Virtual Organization - Artifact organization within the virtual
domain that influences participating humans.

5. TYPES ( CONTD. )
Composite Types of Virtual Organization
• Front-Office / Back-Office- Optimization of attention paid to customer in
front office. Optimization of processing speed, efficiency, quality in back
office
• The E-commerce Organization - Is a combination of a virtual shop with an
efficient system of order processing.

6. TRENDS
1.Pace
2.Cost
3.Personalization
4.Globalization

7. ADVANTAGES
•Modern management techniques and
methods
•Customer Satisfaction and market wants
•Reduced Organizational Cost
•Customization

8. DISADVANTAGES
•Peer to Peer basis
•Geographical and Legal barriers
•Security system
•Confidentiality and privacy

9. VIRTUAL ORGANIZATIONS