ABSTRACT
Virtual enterprises are formed when there is a business opportunity. In the global business environment, product development and knowledge management are critical to the success of a company. Supply chain management involves logistics and management of supplies with developed products and services. It is a part of the issues that a virtual enterprise normally encounters. In this chapter, we explore the nature of virtual enterprises and their operating characteristics. This provides an understanding of how business is changing with the application of the latest information and communication technologies.
