International Association of Computer Science and Information Technology(IACSIT)
Organizations have developed collaborative alliances with the enterprises they interact with in the virtual environment. This paper explores virtualization, collaborative networks and virtual teams. The current status of collaborative practices and recent research activities in virtualization are reviewed to determine what further developments and research is anticipated. Having the facility to readily change (or create) new organizational structures helped in the achievement of a sustained competitive advantage. This facility to change organizational structures had been heralded as revolutionary as it permitted the creation of new business models, which could change conventional relationships.