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Characteristics of the New EconomyCharacteristics of the New Economy
••Knowledge dependentKnowledge dependent
••EntrepreneurialEntrepreneurial
••Rooted in informationRooted in informationalal technologytechnology
••Driven by innovationDriven by innovation
Mercantile Factory Corporate Knowledge ••GlobalGlobal
• Small businesses account for more than 80% • Small businesses account for more than 80%
of new jobsof new jobs
• Small technology companies create 4• Small technology companies create 4--5 jobs 5 jobs
for every 1 company jobfor every 1 company jobfor every 1 company jobfor every 1 company job
• Fast growing firms, and their highly motivated• Fast growing firms, and their highly motivated
entrepreneurs are crucial for economiesentrepreneurs are crucial for economies
• High performance companies =• High performance companies =
high performance jobs = high performance jobs = high performance jobs = high performance jobs =
high performance communitieshigh performance communities