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virtual organization
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virtual organization

Organization in which the use of information technology allows people in different locations, even on different continents, to work together effectively. The concept is extended further to describe an amorphous organization made up of project teams that form in order to fulfil a specific purpose and then disband at short notice.



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For instance, TrackStar Alliance appears at first sight to be a traditional Australian rail infrastructure company but is in fact a virtual organisation made up of five companies.
Virtual organisations are legal entities that are established with clearly defined objectives, such as developing a product, or exploiting a particular market opportunity.
Semantic interoperability of software and information systems belonging to members of the virtual organisation is essential for their efficient collaboration.
 
 
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