Virtual organizations are companies outside a company created specifically to respond to an exceptional market opportunity that is often temporary.

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An organization may identify partners to create a virtual organization, "a company outside a company created specifically to respond to an exceptional market opportunity that is often temporary." Just as "virtual memory" in a computer causes it to seem as if it has more memory, so a virtual organization does more than what its founding organization could do with the resources within the organization's boundaries.

Virtual Organizations Are Companies Outside a Company Created Specifically to Respond