Management Process of Virtual Enterprise Value Chain

Virtual firm comprised of separate entities and their selected processes creates its own value chain from the corresponding value chain parts of participating stakeholders. If we select and combine different processes of stakeholder's value chains into virtual firm, the created final value will be different. The concept of a virtual firm can become an effective "tool" through which enterprises can cooperate with one another to increase their competitiveness. This paper focuses on process of management and creation of value chain of virtual enterprise. The primary aim is to define and describe fundamental steps of selection process of potential subjects that will be involved in virtual enterprise value chain.