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.

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