Are virtual organisations Multinational Enterprises (MNE) ?

Virtual organisation is a term that came into existence in the 1990s. Virtual organisations are motivated by the information revolution which allows communication to take place in real time, regardless of location. Virtual organisations are geographically distributed organisations whose members are bound by a common set of goals and objectives and who communicate and coordinate tasks through the use of information technology (Ahuja and Carley 1998). According to Preston (n.d), there are four key characteristics of virtual organizations as a process. Virtual organisations involve developing relationships with a wide range of partners each having a core competence that complements the others. It capitalises on the ability of telecommunications technology to overcome distance and time