The virtues of the virtual organization

Article

Pedersen, Cec and Nagengast, Johann. 2008. "The virtues of the virtual organization." Strategic HR Review. 7 (3), pp. 19-25. https://doi.org/10.1108/14754390810865775
Article Title

The virtues of the virtual organization

Article CategoryArticle
AuthorsPedersen, Cec (Author) and Nagengast, Johann (Author)
Journal TitleStrategic HR Review
Journal Citation7 (3), pp. 19-25
Number of Pages7
Year2008
Place of PublicationBingley, W Yorks. United Kingdom
Digital Object Identifier (DOI)https://doi.org/10.1108/14754390810865775
Web Address (URL)http://www.emeraldsight.com/shr.htm
Abstract

Purpose
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.

Findings
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.

Keywordsvirtual organization; virtual corporation; financial services; entrepreneur; virtual manager; millennium
ANZSRC Field of Research 2020350710. Organisational behaviour
350704. Entrepreneurship
350709. Organisation and management theory
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

Byline AffiliationsSchool of Management and Marketing
University of Applied Sciences Deggendorf, Germany
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