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Essay text:
There is a sense that the world of business is significantly different from even 20 years ago. This is exemplified by the prevalence of terms such as ‘new economy’, ‘information economy’, ‘digital economy’ ‘knowledge age’ and so on. These terms suggest, rather imprecisely, that we have a new business reality, and that the role of IT and the Internet are significant, or perhaps even defining features or characteristics of that new business reality.
There are two broad constructs that help to structure and make some sense of this new reality if they are defined and thought about clearly: namely the ‘new economy’ and the ‘Internet economy...
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