Volume : V, Issue : V, May - 2015

VIRTUAL ORGANIZATIONS–AS LEAD ORGANIZATIONS IN THE TWENTY–FIRST CENTURY AND BEYOND

Dr. V. Kamarasan

Abstract :

 In the modern era of economic liberalization and globalization, business environment has become  highly competitive and turbulent. In order to survive and grow in a fast changing and highly uncertain  environment, business organizations have to become more flexible and adaptive and highly responsive. Adami says  “ Flexible or dynamic organizations are said to have internal structures and capabilities to facilitate responsiveness  and adaptability to changes in economic and market conditions, changes in Government policy and employment legislation, unemployment, developments in technology and methods of production, competitiveness and removal of skill  boundaries.” In order to build flexibility and responsiveness in organizations, several work practices, e.g., flexi time,  job–shå, home based working are being used. Another option is a virtual organization. The business environment  will no doubt require firms to become even more flexible, more agile, and to ing products and services to market at  an increasing rapid pace. Traditional organization firms are no longer capable of sustaining the needs of this relentless  pace. This article ings out the essential features, evolution, types, technologies, issues and challenges of the new  form of organizations.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.V.KAMARASAN VIRTUAL ORGANIZATIONS–AS LEAD ORGANIZATIONS IN THE TWENTY–FIRST CENTURY AND BEYOND Indian Journal of Applied Research, Vol.5, Issue : 5 May 2015

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