Virtual Organization

Definition

an entity which, at a very minimum, exhibits the following three characteristics: 1) is either an entire company, department, division or group, 2) uses the internet and web-based collaboration tools in addition to existing telecommunications infrastructure and, most importantly, 3) incorporates best practices, policies and procedures for operating in a virtual environment and for managing a virtual organization in its daily routine. All 3 components must exist in order to qualify for the "virtual organization" designation.