Knowledge management and virtual organizations

In the new millennium, the competence of most organizations will depend on innovative deployment of new technologies for effectively managing knowledge networks for organizational performance. Many such "virtual" organizations using information and knowledge as their fundamental bases are redefining the "reality" of the traditional "brick-and-mortar" economy. In the process, they are also posing challenges and opportunities by redefining traditional thinking about industries, organizations, competition, products, services, technologies, people and economy.