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Economy and management in today’s electronic world

Author

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  • Hortensia Gorski

    (Romanian-German University, Sibiu, Romania)

Abstract

Specialists are speaking about the digital economy, the NetEconomy, the Knowledge Economy and so on. Digital technologies are changing economy, society and environment. Digital technologies have the capacity to transform the relationship between companies and between companies and stakeholders. The new economy, built on new information technology, must learn how to use technology to be creative, to find new opportunities and new ways to deal with old problems. Now, in the early stage of e-revolution, E-commerce leads to more efficient ways of doing business, and this can have important benefits for companies, consumers and employees. The Intranet, Extranet and Internet blur traditional intern and extern boundaries. The web is becoming a vital modality for new partnerships and new alliances. We are living in an information age, in knowledge age. In the knowledge economy, human capital is a company’s greater asset and acquiring knowledge – learning – is a key resource.

Suggested Citation

  • Hortensia Gorski, 2003. "Economy and management in today’s electronic world," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 3, pages 83-88.
  • Handle: RePEc:pet:annals:v:3:y:2003:p:83-88
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