A Virtual Enterprise (VE) is a temporary alliance of enterprises that come together to share skills or core competencies and resources in order to better respond to business opportunities, and whose cooperation is supported by computer networks. It is a manifestation of Collaborative Networks and Distributed Collaborative Working.
Another application of VE is to improve scalability of business. Particularly, when an entrepreneur want to launch a business project without setting up a formal company, Virtual Enterprise can be a solution. By subcontracting to HYT, all company setup investment and related management effort can be minimized.