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Innovators are biggest winners In 1996, one would probably define "new economy" as an economy powered by technology. Now, six years later, various new advancements are calling for a modified view. It is true that new economy is driven by technology, but that is not all. A spirit of innovation and initiative is also fueling its progress. Five years ago, technology was the dominant impetus(推动力). But since then a much stronger momentum has been generated by such players as wealth, stocks, and Internet, which are more than technology. Indeed, they stem from the spirit of innovation and initiative. Therefore, while technology remains the propelling force for new economy, it is innovation plus initiative that has kept it thriving. New economy is not merely an economy of technology. The spirit of innovation, in particular, may well become the leader among a host of emerging values. Nowadays, it is no shame to suffer failure in striving for something new, but it is shame to stay in a rut. All the role models in new economy are people who never stop pushing for innovations. The second much-prized value represents an about-turn away from an old-time virtue, namely, from conformity to individuality. Decades ago, Americans in the business world would wear gray suits, one looking like another. Individuality was a sin that was booed in the mainstream society. But today everybody tries to be a different self. I may wear jeans at work, while the guy beside me may wear a pajama-like suit. Third, one's past experience is devalued while the ability to keep on learning is treasured. In a sense, one's past experience has become a liability rather than an asset. Success stories in new economy are mostly inexperienced people. What they find is that many experienced people are handicapped by their past. In this connection, remuneration in terms of basic pay is not welcome. Attractive salaries are those linked with the company's shares. The bulk of your pay package is shares, not the basic monthly salary. Fourth, secure jobs are no longer sought after, but those requiring energy and drive are preferred. You will not choose a company just because it promises you a life-long care in return for your conscientious service. Instead, you prefer another company that offers you the opportunity to become a millionaire within a few years provided you do your best, despite the risks involved.
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