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Wednesday, May 10, 2017

Mention the benefits of Virtual Organizations



Some benefits of Virtual Organizations include in the following:

1. Save time, such as time to market and reducing development process.
2. Spreading costs and risks with partners.
3. Improving quality factors such as performance and flexibility, exchange and  share knowledge, and marketing in high scale (global networks).
4. Matching VOs with dynamic changes in marketing.
5. Access to new technology and new customers.
6. Access to new markets through partnership.
7. Improving access to financial resources.

In most cases a mixture of these will be the driver for operating and doing business in networks.
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