The keiretsu structure, long used by Japanese companies, is an example of virtual organization.

Question

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Keiretsu refers to a structure of interlinked companies with cross-holdings in one another's shares, fostering close working relationships and loyalty, rather than a virtual organization, which typically involves temporary networks of companies that come together to share skills, costs, and access to one another's markets.

The Keiretsu Structure, Long Used by Japanese Companies, Is an Example