Abstract
The problems, challenges, and benefits of a Virtual Value Creation (VVC) environment and subsequent deployment of requisite infrastructure to cater for same, save the process of digitization, in an Information Communication Technology (ICT) responsive environment, are all connected to the evolving concept of cloud computing. The uniqueness of every organization affects the virtualization of its ICT and applications. However, provisioning the right cloud computing model to match the strategic and operational goals of such organization is an accepted solution. This paper is aimed at evolving an enhanced model that integrates cloud computing model (CCM) with the VVC Framework of Virtual Organization (VO) to assist the virtual organization stakeholders in reducing the huge capital investment, maintenance, technical personnel, etc. requirements often associated with essential ICT infrastructural setup needs, as well as relieve the top management of technical issues thereby enhancing their focus on core business issues while managing a Virtual organization. VO stakeholders could be afforded the opportunity in the resultant integrated model, the “Cloud Virtual Organization (CVO)”, to create better, optimal and customized values in terms of flexibility, cost savings, better scalability, reduced complexity in business processes, increased business focus, advanced technology, better functionality and improved security among others. It is submitted that the foregoing parameters enlisted as features offered by the CVO will immensely propel a Virtual organization towards earning global corporate visibility, competitive advantage, and socio-economic influence in the ever-changing global business environment.
Highlights
Recent innovations in Information Communication Technology (ICT) especially Cloud Computing, ECommerce and Virtual Organization (VO), have radically transformed the nature of the global marketplace and how organizations operate and strategize so as to thrive and sustain their competitive edge over rival businesses in the digital marketplace
It is clear that the trend in global business operations is going the way of Floridi’s prediction. It is in recognition of the changing organizational business trend that this paper presents a discourse on the Cloud-based Virtual Organization (CVO)
As innovations in technology unfold, it is evident that virtual organizations deploying cloud computing environment will increase
Summary
Recent innovations in ICT especially Cloud Computing, ECommerce and Virtual Organization (VO), have radically transformed the nature of the global marketplace and how organizations operate and strategize so as to thrive and sustain their competitive edge over rival businesses in the digital marketplace. The Cloud Computing Model (CCM) as it is known does ensure the integration of core competencies for collaborative ventures among participating enterprises with complementary expertise, and helps shift focus to their core businesses, bear the huge capital outlay and maintenance costs of the required infrastructure setup and deployment, among other business and security benefits. These help to ensure sustainable global participation, visibility and competitiveness as the organization strives to survive in the ever-changing global economy
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