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The virtual organization is characterized by participating firms which pursue a collective strategy that enables them to cope with environmental uncertainty through cooperative efforts.
Labor Underutilization
A situation where a workforce does not utilize its full potential, often reflected in high unemployment, underemployment, and discouraged workers.
Marginally Attached Workers
Individuals who are not in the labor force, desire and are available for work, and have looked for a job sometime in the past 12 months but not in the four weeks preceding the survey.
Part-Time Employed
Individuals who are employed in work situations where the number of hours worked is less than the standard full-time hours.
Labor Underutilization
A situation where the workforce is not being used to its fullest potential, including phenomena such as underemployment and unemployment.
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