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The Industrial Dynamics of the New Digital Economy
This book investigates the implications of digital technologies on the industrial and business dynamics of modern economies. In-depth studies analyse how deep-rooted work practices of the Old Economy have been dramatically challenged when confronted with the entrepreneurial wave of the New Economy. Initially the digitization of existing processes was motivated by ideas of rationalization and cost-cutting. The book convincingly shows how reaping the full benefits necessitates fundamental changes in procedures and organizational design. The effects transcend the boundaries of the firm, as established channels of interaction with old partners must be reconfigured and familiar divisions of labour rethought. The Industrial Dynamics of the New Digital Economy presents novel and detailed data showing how vast and still dominant industries of the Old Economy have responded to the new challenges and exploited the emerging opportunities of digitization in very different ways.
The book offers the first theoretical framework for analysing and evaluating the different strategies chosen by industries when struggling to rebuild competitive positions in the new digitized business environment and will be of great value to academics, industrial economists and all those interested in technology, innovation and the new economy.
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What Reviewers Are Saying
'... this is a stimulating collection that advances thinking on the post-bust digital economy in a measured and scholarly approach... The book should be read by those interested in ICT industry dynamics and how a remarkable historical snapshot is starting to be understood.' -- Jonathan Sapsed, Technovation 'I commend this book, in the spirit of Keith Pavitt, to all those who wish to understand, to appreciate and to criticize the "New Economy" which now engulfs all our lives.' -- From the foreword by Christopher Freeman, Science and Technology Policy Research (SPRU), University of Sussex, UK and Maastricht University, The Netherlands