Definition: the Network Economy is the emerging economic order within the information society, that was enabled by the arrival of internet, mobile phones, social networks etc.
According to Kelly (Wired, 1997):
1. Wealth in this new regime flows directly from innovation, seizing what is unknown.
2. The ideal environment for cultivating the unknown is networks.
3. The domestication of the unknown inevitably means undoing what was perfected.
4. The cycle of "find, nurture, destroy" happens faster and more intensely than ever before.
See also 12 principles of the network economy.
© 2020 MBA Brief - Last updated: 26-5-2020 - Privacy | Terms