2013 Volume 7 Issue 3 Pages 92-104
Abstract: Dramatic advancement of the Internet has generated global simultaneous dependency on information technology (IT) which has, contrary to anticipation, resulted in the bi-polarization between IT advanced economies and IT growing economies. While the latter enjoy a virtuous cycle between advancement of IT and its productivity increase,IT advanced economies have fallen into a pit of a vicious cycle as further advancement of IT decreases its productivity. Consequently, countries in IT advanced economies suffer economic stagnation. Similar bi-polarization derived from beyond anticipation issue can also be observed in business performance in high-technology firms. Aiming at elucidating the inside the black box of the foregoing growth engine resulting in bi-polarization, an empirical analysis utilizing a new approach integrating techno-metrics, psychophysiology and advanced monitoring techniques is demonstrated thereby insightful suggestion to the above engine is provided. Innovation-consumption co-evolution based on co-evolutionary acclimatization strategy is suggested to be essential for a resilient business while maintaining efficiency. A platform toward this resilient business model is proposed. Dramatic advancement of the Internet has generated global simultaneous dependency on information technology (IT) which has, contrary to anticipation, resulted in the bi-polarization between IT advanced economies and IT growing economies. While the latter enjoy a virtuous cycle between advancement of IT and its productivity increase,IT advanced economies have fallen into a pit of a vicious cycle as further advancement of IT decreases its productivity.
