Information technology has opened up opportunities for new products with more advanced capabilities and new processes with much higher levels of productivity. In the information age, one of the best ways of creating wealth is to invest in education, especially one’s life-long education.
The biggest unknown for the individual in a knowledge-based economy is how to have a career in a system where there are no permanent careers. Education has been a high-return as well as a high-risk investment. When new knowledge makes old skills obsolete, firms and companies want to employ workers who already have that knowledge. In this fast-changing world, there are always young potential employees who believe that opportunities arising from new and high technology can create fortunes faster than ever before.
Networked management facilitates the growth of a new economic reality that is characterized by powerful knowledge workers, high-performance teams, integrated enterprises, and the networked business. When we are entering the global information age, economic advantage is gained only by those individuals and organizations In this age of information, government leadership is of vital importance. Policies, regulations(and legislation) must create an information-friendly environment. Such an environment protects public interests and promotes investment and competition. The role of a government is less a source of financing and more an instrument for creating an environment that encourages private investment in the telecommunications industry.