New Economy, New Business Models: New Structures and Capabilities
The "new economy" has been developing over the past decade. Customisation, flexible response, models based upon interorganisational interdependencies and the virtual organisation were concepts of the late 1980s. The more recent changes in the structure of demand and supply have been accompanied by changes in interorganisational relationship management and the investment and ownership of assets. Indeed evidence exists to show the decline in tangible assets and the growth of "capability based" intangible assets.
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