en the structure and size should change also.Fewer levels of management hierarchy will be required, enabling companies to flatten the pyramid of today's management structure. The new information technologies allow decentralization of decision-making without loss of management awareness; thus employees at all levels can be encouraged to be more creative and entrepreneurial. The key responsibility of the CEO will be leadership; to focus the energies of organization on the key strategic objectives.Fig. 2 represents the Downsizing of the structure of OrganizationTHE VIRTUAL ORGANIZATIONIn this section we examine the evolution and future trends of the most visible and transforming technology of our time, the Internet. Improved connectivity, faster computers, emergence of digital libraries, software agents are a few such technological advances that are beginning to suggest the structure of the future OrganizationsThe InternetFrom its modest beginnings in the early 1990s, the World Wide Web has grown to the point where hundreds of millions of people across the globe access it on a regular basis. This tremendous growth has also fueled a rapid and unprecedented increase in use of the Web for business applications. Companies like Amazon.com have begun to tap into the multi-trillion dollar global retail industry. Investment services companies now make the buying and selling of securities a daily occurrence for millions of small investors. And even schools and universities now offer graduate degrees to thousands of students entirely via this amazing mediumThis tremendous increase in the use of the World Wide Web to execute business transactions now goes under the name electronic commerce, or e-commerce.Electronic commerce is transforming business faster than organizations can adapt. We're becoming a "wired" society, and futurists predict these changes will become more far-reaching than we can even imagine.A quote from the Investor Guide explains th...
