CNO Life Cycle
Because a virtual enterprise is considered a collaborative networked organization (CNO), its organizational life cycle is different in terms of time spend on creation (entrepreneurial stage) and dissolution (decline). The CNO life cycle includes the stages:
- Creation (initiation and foundation): During the initiation a strategic plan is made for the operational stage and the foundation of the CNO is executed by the constitution and actual start up.
- Operation: Execution of operations within the defined scope of the strategic plan.
- Evolution: The context of virtual organizations is rapidly changing and therefore in continuous evolution of its operation within the current strategic plan this means minor alterations.
- Metamorphosis or Dissolution: Because a CNOs did gained much experience during it relatively short life (compared to brick-and-mortar organizations) they either keep the knowledge my metamorphosing into a new organization (changing its form) with a new purpose or dissolute.
Read more about this topic: Virtual Enterprise
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