New times mean new answers and new solutions. We must revamp our traditional thoughts about a lot of things. There is much talk about new economy versus old economy. Most of the discussion boils around the question is it an old manufacturing company that has been around for years or is it a new company with technology and a young work force. In my opinion, the new economy is about understanding the whole world is changing with all the new inventions and applications for technology.
Every company has to be able to grasp the new technologies and the new desires of individuals today.
The new economy means delivering value to the needs of people in today's market. It is all about adaptation not about long standing company loyalty. In 1930 there were three and Studebaker that was barely holding on. Once that leadership is established, those surviving companies will have a profit base which can be taxed and depended upon to put money in the coffers to pay for military, social programs, and the like. There is no loyalty in this economy for particular companies.