Virtual Enterprise
Virtual Enterprise : (ICT) (GEN) An enterprise integrating several ideals: outsourced noncore competencies; a focus on core business strengths; little or no physical presence or infrastructure; a network of business alliances; the exploitation of intellectual capital; and a heavy reliance on telecommunications. Virtual enterprises have outsourced the physical processes and administrative attributes of traditional business, and have expanded and combined intellectual activities (e.g., problem solving) with standard business processes such as marketing
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