In this paper we introduce a process model of the enterprise in the virtual organization era, having at its core a fundamental ever-active enterprise realization process. This core process is composed of three main subprocesses: the enterprise transformation process, the organizational learning process and the value creation process. Where the transformation process was in the past a big-event project, it becomes an ever-active strategic process itself decomposed in three main subprocesses: the identity rethinking process, the process reengineering process and the network reorganization process. We describe these processes and emphasize their role in helping the firm thrive in the forthcoming global digital economy.
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