virtual enterprise

noun [C] (also virtual company, virtual corporation, virtual organization) WORKPLACE, IT, INTERNET

Definition

› a group of people who work together on a project, communicating mainly by phone, email, and the internet, rather than regularly going to a central office to work: To be successful, the virtual enterprise must provide operations as competitive as those in a traditional enterprise.

(Definition of virtual enterprise noun from the Cambridge Business English Dictionary © Cambridge University Press)