The virtues of the virtual organization

Pedersen, Cec and Nagengast, Johann (2008) The virtues of the virtual organization. Strategic HR Review, 7 (3). pp. 19-25. ISSN 1475-4398

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This paper attempts to conceptually clarify and examine success factors for the establishment and subsequent sale of a successful small virtual organization, Millennium3, in the financial services sector in Australia.

The paper describes the concept of a virtual organization, outlines some distinct characteristics of virtual organizations and provides some historical and current background to Millennium3 (M3). It then provides a descriptive evaluation of outcomes from semi-structured interviews with all M3 executives and, based on those interviews and organizational structure, examines its overall performance.

Practical implications
It concludes with some critical success factors for M3 and gives the reader an idea how a corporation successfully works as a virtual organization.

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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Publisher: Emerald Group Publishing Limited
Item Status: Live Archive
Additional Information (displayed to public): Author version deposited in accordance with the copyright policy of the publisher.
Depositing User: Mr Cec Pedersen
Faculty / Department / School: Historic - Faculty of Business - School of Management and Marketing
Date Deposited: 30 Oct 2008 06:03
Last Modified: 27 Nov 2013 04:22
Uncontrolled Keywords: virtual organization; virtual corporation; financial services; entrepreneur; virtual manager; millennium
Fields of Research (FoR): 15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150311 Organisational Behaviour
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150304 Entrepreneurship
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150310 Organisation and Management Theory
Socio-Economic Objective (SEO): B Economic Development > 91 Economic Framework > 9104 Management and Productivity > 910406 Technological and Organisational Innovation
Identification Number or DOI: doi: 10.1108/14754390810865775

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