Sustainability of the new economy: cautionary lessons of ''e'' fads
by Andrew Griffiths, Damian Hine
International Journal of Management and Decision Making (IJMDM), Vol. 4, No. 2/3, 2003

Abstract: This paper critically evaluates the term ''new economy'' and argues that the rapid uptake and enthusiasm with which the term has been embraced masks continuities in industrial economies and potentially represents a misdiagnosis of events occurring in the global economy. The application and use of the term ''new economy'' and the rise of associated concepts of e-business and e-commerce have emerged quickly and declined rapidly as evidenced by the quantitative data presented in this paper. This has paralleled the rise and fall of the NASDAQ as one of the vehicles of the promotion of ''new economy'' companies and principles. In this paper, we caution about the faddish nature of ''e''. We argue that the emphasis in the application of the term in scholarly and popular literature highlights the dichotomy between the so-called ''new economy'' business and ''old economy'' business, where business engagement with ''e'' is seen as sustainable while a lack of engagement with this new paradigm is presented as leading to failure. It is the objective of the study to explore the implications of this dichotomy and it is proposed that such a dialectic representation is simplistic.

Online publication date: Fri, 12-Sep-2003

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Management and Decision Making (IJMDM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com