Understanding the Shift to the New Economy PPT

This PPT slide, part of the 19-slide New Economy Leadership Mindsets PowerPoint presentation, presents an overview of the "New Economy," a term that emerged in the 1990s, highlighting a significant shift from traditional manufacturing and commodity-based economic structures to a technology-driven landscape. It emphasizes how advancements in Information Technology, the Internet, and globalization have led to increased productivity and growth rates. This transformation is not merely a change in industry, but a fundamental rethinking of economic principles.

The slide categorizes the New Economy into various segments, including the knowledge economy, data economy, e-commerce economy, and most notably, the Digital Economy. It mentions that terms like the Sharing Economy, Gig Economy, and Artificial Intelligence are now integral to the economic discourse. The reference to leading technology companies like Google, Facebook, and Apple underscores their dominance in market capitalization, surpassing traditional firms.

A critical point made is the impact of technology and globalization on employment and work patterns. The text notes that while technology has created new job opportunities, it has also led to anxiety among workers in traditional sectors, particularly manufacturing, due to fears of automation. This shift has altered not just employment, but also consumer behavior and service delivery, as seen in changes to shopping patterns and even taxi services.

Overall, the slide encapsulates the essence of the New Economy as a dynamic and evolving entity, driving forward the Fourth Industrial Revolution. It serves as a call to action for businesses to adapt to these changes or risk obsolescence.

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Leadership Information Technology Artificial Intelligence Consumer Behavior Fourth Industrial Revolution Globalization Manufacturing Globalization