virtual organization

  

Definition

One that (1) does not have a physical (bricks and mortar) presence but exists electronically (virtually) on the internet, (2) is not constrained by the legal definition of a company, or (3) is formed in an informal manner as an alliance of independent legal entities.

Use this term in a sentence

  • In today's high tech, internet based world, more and more businesses are merely virtual organizations. Often times a website is the only physical attribute they posess.

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  • The virtual organization was really good and we knew that it would work for us for many years to come.

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  • You may find it is more profitable to only have a virtual organization instead of wasting a lot of money on rent.

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