State the real-world example of organizational restructuring choosing virtual organizational structure and why?

Organizational restructuring is a critical process many companies undertake to improve efficiency, adapt to market changes, or integrate new technologies. One prominent example of organizational restructuring involving the adoption of a virtual organizational structure is IBM’s transformation during the early 2000s. IBM shifted from a traditional hierarchical, office-based company to a more virtual, globally dispersed organization. This change was driven by the need to reduce operational costs, increase flexibility, and respond rapidly to customer needs in a highly competitive tech industry.

The virtual organizational structure is characterized by a network of geographically dispersed teams connected through digital technologies, where employees, managers, and departments collaborate remotely without centralized physical offices. IBM’s move to this structure allowed the company to tap into global talent pools, reduce the need for physical office _________ ______ ___ ____ ___ ________ ___ ______ ____ __________ ______.
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