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.
a business entity constructed from organizationally and geographically distributed units or groups
a community of business entities that collaborate on the manufacturing of new products
a full business simulation class designed to give students the experience of working in a real business environment
a simulated business set up and run by students with the support of lecturers or business mentors
Multiple enterprises linked systematically so that they collaborate on business processes as though they are one enterprise. Especially, linking buyers and sellers together so that they can collaborate in areas such as product design and inventory management.
A Virtual enterprise (VE) is a temporary alliance of enterprises that come together to share skills or core competencies and resources in order to better respond to business opportunities, and whose cooperation is supported by computer networks. It is a manifestation of Collaborative Networks and a particular case of Virtual Organization.