A method of executing a virtualized application able to run in a virtualized environment. The virtualized application includes application software and the virtualized environment. The application software includes a license monitor to search for a software license while monitoring an execution policy set by a software provider when software is installed or executed. The virtualized environment includes an environment monitor to monitor an execution environment provided to the application software by the virtualized environment. Therefore, it is possible to prevent software able to run in a virtualized environment from being freely copied without any limitations by the execution policy provided by the software provider.