Virtual organizations (VO) have recently evolved as a new paradigm of organization design in pursuit of competitive advantages, and in response to electronic commerce (EC) requirements. The management of VO, called meta-management, provides a systematic approach to the exploitation of competitive economic advantages for a VO. It consists of basic activities including analyzing and tracking requirements, allocating satisfiers to requirements, and adjusting the optimality criteria. Information technology (IT) is the essential foundation for the formation and management of VO. A framework that describes the enabling role of IT at the three responsibility levels of meta-management is presented, and future research is suggested.