New Economy vs Old Economy
Table of contents
Introduction | | * New Economy vs. Old Economy | 2 | * Microsoft Corporation | 3 | Ford motor | 3 | Revenue and profit | 4 | Code of ethics statement | 5 | How effective is the firms? | 14 | Conclusion | 17 |
Introduction * New Economy vs. Old Economy
The world economy has recently changed. A new world economy has emerged over the last decade as two long-run broad trends, globalization and advances in information and communication technology (ICT) have converged. This ‘new economy’ is significantly different to the ‘old economy’, as knowledge has replaced traditional productivity inputs, such as labor and natural resources, as the primary ingredient for economic growth. A new landscape exists and countries must adapt their approaches and policies for development to achieve progress in the future (Droke, 2000).
By "New Economy," we understand this to mean a national financial and economic infrastructure characterized chiefly by the predominance of services and technology (i.e., intangible assets), and the abolition of the former infrastructure of physical manufacturing and industrialism (i.e., tangible assets). Hence, the "virtual" economy of computers and electronic commerce replaces the "old" labor-intensive economy involving manufacturing and the movement of physical commodities. So it is as the ascendancy of the virtual over the real.
New Economy is global in nature. It is predicated upon the economic interdependence among nations, even those nations that are politically, religiously and ideologically antithetical to one another. In many ways, the New Economy represents a revival of the Tower of Babel, only instead of bricks and mortar; it is bound by a reticular web of technology and transportation.
Problem statement:
The distinction between object and knowledge value becomes the most know differentiation of the Old and the New economy company. But how about the company effectiveness? The revenue and profit? How about
Introduction | | * New Economy vs. Old Economy | 2 | * Microsoft Corporation | 3 | Ford motor | 3 | Revenue and profit | 4 | Code of ethics statement | 5 | How effective is the firms? | 14 | Conclusion | 17 |
Introduction * New Economy vs. Old Economy
The world economy has recently changed. A new world economy has emerged over the last decade as two long-run broad trends, globalization and advances in information and communication technology (ICT) have converged. This ‘new economy’ is significantly different to the ‘old economy’, as knowledge has replaced traditional productivity inputs, such as labor and natural resources, as the primary ingredient for economic growth. A new landscape exists and countries must adapt their approaches and policies for development to achieve progress in the future (Droke, 2000).
By "New Economy," we understand this to mean a national financial and economic infrastructure characterized chiefly by the predominance of services and technology (i.e., intangible assets), and the abolition of the former infrastructure of physical manufacturing and industrialism (i.e., tangible assets). Hence, the "virtual" economy of computers and electronic commerce replaces the "old" labor-intensive economy involving manufacturing and the movement of physical commodities. So it is as the ascendancy of the virtual over the real.
New Economy is global in nature. It is predicated upon the economic interdependence among nations, even those nations that are politically, religiously and ideologically antithetical to one another. In many ways, the New Economy represents a revival of the Tower of Babel, only instead of bricks and mortar; it is bound by a reticular web of technology and transportation.
Problem statement:
The distinction between object and knowledge value becomes the most know differentiation of the Old and the New economy company. But how about the company effectiveness? The revenue and profit? How about
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