Which concept describes a network of firms collaborating through IT to quickly enter changing markets?

• A. Virtual Corporation
• B. Work Teams
• C. Specialization
• D. Span of Control

Answer: (A)

Collaborating through information technology across a network of firms to move quickly into changing markets is all about creating a flexible, boundary-spanning organization that relies on partners rather than owned assets. This approach uses IT to connect different companies so they can share data, processes, and capabilities in real time, allowing them to reconfigure quickly as market conditions shift. The result is a coordinated network that behaves like a single entity, enabling rapid entry into new opportunities without heavy investment in fixed assets.

This is why the term virtual corporation best fits. In contrast, work teams are groups inside one organization working on tasks; specialization refers to dividing labor into specific roles or tasks; span of control concerns how many subordinates a manager can effectively oversee. Those ideas describe internal structures or workforce arrangement, not an external, IT-enabled network of firms collaborating to enter markets quickly.