Virtual enterprise,

Definition of Virtual enterprise:

1. An ad hoc alliance of independent experts (consultants, designers, developers, manufacturers, suppliers, etc.) who come together to take advantage of specific business opportunities. Whether or not virtual companies have a small physical presence or infrastructure, they rely heavily on telecommunications and networks such as the Internet and are often destroyed when their goals are reached or opportunities pass. Agile, flexible and fluid, they are very focused and purpose oriented and are based on low investment, low initial and overhead costs and fast response times. Members of geographically dispersed virtual companies work together where and when they can strengthen their core strengths and become competitors in search of other opportunities. Also known as a virtual company or virtual company.