1)    This is rather loose concept of a group of independent firms of people that are connected often through information technology


2)    These firms may be suppliers, customers, & even competing companies

3)    The following are the aims of virtual organization:

a.     Gain access to another firm’s competence
b.    Gain flexibility
c.      Reduce risks
d.    Respond rapidly to market needs

4)    Virtual organizations coordinates the activities through the market where each party sells it goods & services

5)    It has own advantages & disadvantages

6)    It has neither organization chart nor a centralized office


The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

Leave a reply

Your email address will not be published. Required fields are marked *



BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp

Log in with your credentials


Forgot your details?


Create Account