NAVIGATING THE VIRTUAL FRONTIER: A COMPREHENSIVE REVIEW OF STRATEGIES, CHALLENGES AND FUTURE TRENDS IN VIRTUAL ORGANIZATIONS
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Abstract
Virtual organization" refers to a strategic approach to the design and operation of an organization. Where teams work together and conduct business primarily through digital means. They often do not have a central physical location. Virtual organizations leverage information and communications technology to facilitate remote work. Decentralized decision-making and a flexible structure that adapts to the changing needs of the global business environment. Thus, the paper provides a comprehensive review of strategies, challenges, and future trends in virtual organizations. It explores the advantages of virtual organizations and the factors that impact their success. The paper also discusses the management of virtual teams and the changing nature of work in the context of collaborative technologies. It highlights the importance of communication effectiveness, service quality, and relationship commitment in virtual organizations. The paper emphasizes the need for further research in the field of virtual organizations and suggests potential areas for future investigation. Overall, the paper provides valuable insights into the current state of virtual organizations and offers directions for future research in this area.
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