The Industrial Dynamics of the New Digital Economy

Front Cover
Jens Frøslev Christensen, Peter Maskell
Edward Elgar Publishing, Jan 1, 2003 - Business & Economics - 271 pages
This book investigates the implications of digital technologies on the industrial and business dynamics of modern economies. In-depth studies analyse how deep-rooted work practices of the Old Economy have been dramatically challenged when confronted with the entrepreneurial wave of the New Economy.
 

Contents

The New Economy What is New and What is Not?
13
What Goes Up Must Come Down The Political Economy of the US Internet Industry
33
Changing Gear Productivity ICT and Service Industries in Europe and the United States
56
Part II
101
What are Advances in Knowledge Doing to the Large Industrial Firm in the New Economy?
103
News Out of the Old The Evolving Technological Incoherence of the Worlds Largest Companies
121
Digital Information Systems and Global Flagship Networks How Mobile is Knowledge in the Global Network Economy?
151
Part III
177
Digital Dynamics and Types of Industry Convergence The Evolution of the Handheld Computers Market
179
Innovation Entrepreneurship and Industrial Dynamics in Internet Services
209
Assessing European Developments in Electronic Customer Relations Management in the Wake of the DotCom Bust
233
Index
263
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Page 22 - In this society, knowledge is the primary resource for individuals and for the economy overall. Land, labor, and capital — the economist's traditional factors of production — do not disappear, but they become secondary. They can be obtained, and obtained easily, provided there is specialized knowledge. At the same time, however, specialized knowledge by itself produces nothing. It can become productive only when it is integrated into a task. And that is why the knowledge society is also a society...
Page 18 - Finally, to benefit fully from these two kinds of investment the entrepreneurs also had to invest in management: they had to recruit and train managers not only to administer the enlarged facilities and increased personnel in both production and distribution, but also to monitor and coordinate those two basic functional activities and to plan and allocate resources for future production and distribution. It was this three-pronged investment in production, distribution, and management that brought...

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