Working Papers,
Copenhagen Business School, Department of Management, Politics & Philosophy

Abstract: Many observers have proclaimed the dawning of a new age – known as the new economy or the knowledge economy – in which society itself is on the verge of transformation through the use of knowledge. The flood of literature on the new economy and knowledge society associates a wide range of features to the contemporary business environment. However, when looking beyond the hype, the interest converges around a few of these features. The most distinguishable ones are the unleashed power of creative destruction leading to a call for rapid pace in innovation and the far-reaching impact of the development of digital information and communication technologies. These characteristics can be tracked back to the argument that knowledge has become the most important resource in today’s business environment.

Keywords: New economy; Knowledge economy; Knowledge society; Knowledge; Technological development

18 pages, May 1, 2002

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