Management revolution in the age of the new economy

In the age of the new economy a management has evolved, including management ideology, learning organization, team work, incentive of all the staff, cooperative competition, and strategic alliances. The concept of this new management did not appear all of a sudden. It evolved from the traditional, profound thought of management culture and the traditional Chinese management culture in particular. The principles of the new economy are in accord with ancient Eastern philosophy. Management culture in the East and that in the West have been gradually integrated with one another. The Eastern management culture has undergone a period of spreading to the West and returning to the East. Management scholars throughout the world have noted and paid attention to the traditional Chinese management culture, whose quintessence is human orientation, moral priority, and behavioral cultivation by self-discipline (or ren wei wei ren). It is not only a new way of thinking about modern management behavior but also a manifestation of the successful adoption of the philosophical thoughts of ancient China into the age of networks.