Characteristics of the Digital Economy

1. Knowledge
Knowledge factor (knowledge) to companies that are the most important type of resources that must be owned organization. Given that the knowledge inherent in the human brain, the factors of intelligence from human resources the company is determining whether the organization's success in achieving objectives. Collective knowledge which is the value of the company in the process of creating products and services. Thus the concept of knowledge management will be key to the success of a company in this era.

2. Digitization
Digitazion is a process of transformation of various forms of information into formats digits "0" and "1" (based on number two). Although the concept seems simple glance, but its existence has produced a breakthrough and major changes in the world of business transactions.

3. Virtualization
Model that allows one to start a business with a simple device and can reach all potential customers in the world. In the virtual world, a customer simply dealing with an Internet site as an enterprise (business to consumer), as well as relations between the various companies that want to cooperate with each other (business to business). In this relationship, a process that occurs over the transaction is the exchange of data and information virtually, without the physical presence of the parties or individuals who conduct transactions. In other words, the business can be done anytime and anywhere as long as 24 hours per day and 7 days a week on-line and real time.

4. Molecularization
Organizations that will survive in the era of digital economy is successfully applied molecular shape. Molecular shape is a system where the organization can easily adapt to any dynamic changes that occur in the environment surrounding the company.

5. Internetworking
Efforts to develop the concept of cooperation with other companies. There is no company that can work alone without work jointly with other parties, so one of the prerequisites to succeed in cyberspace. Based on the chosen business model, associated companies must determine its core activities (core activity), and collaborates with other institutions to help implement the processes of supporting (supporting activities). Examples of parties who generally serve as a partner is technology vendors, content partners, merchants, suppliers (suppliers), etc..

Source : www.fernandositindaon.info