Super Mario and the New Economy

Super Mario

Finally, I finished playing Super Mario Galaxy 2 on my Nintendo Wii. I was an avid fan of Nintendo games especially Mario games when I was a kid. I saw lots of improvements of Mario; from 2D into 3D platform, from 3 power-ups up to several power-ups, from land, sea, air, up to the universe, from sports, party, and dance, adventure, and RPG games. All Mario games were became part of my childhood fancy mind and even up to now. Although Sega launched their mascot Sonic, even though he is smarter and faster, I’d still choose the mascot of Nintendo; an Italian fat guy with a red hat and a mustache, Super Mario. For me, Super Mario is more likeable than any other game super heroes.

The only thing that was left behind is the story of his adventure games. His mission is always to save Princess Peach from the Evil Bowser, King Koopa, the antagonist in the game. Maybe gamers are not diligent of patronizing this type of story. They’re considering the advancement of the game technology, on how the games are made, and not the content or the story of the game itself.

The economy is like technology. Economy has changed drastically. Way back during our ancient times, our ancestors cultivate lands by planting vegetables and fruits. Another source of their livelihood is fishing, and poultry. Earlier economy focuses more on agricultural activities. They use barter or trade system to exchange goods and services. Earlier Filipinos has a business relationship with the other Asian countries because of the barter system. Another is that, Mexicans also trade their goods to the Philippines using their ship called Galleon Trade.

The Galleon Trade

Then, as time goes by, with the emergence of the manufacturing businesses, the Industrial Era was born.  The primary tool for this era are machines for mass production.  Employees were into constructions; buildings, railways, houses, schools etc. Others were in the manufacturing; production of canned goods, garments, equipment, etc. Industrial Era is more on mechanical labor. The economic indicator is the Law of Demand and Supply. The higher the demand the lower will be the supply. The higher the supply the lower will be the demand.  

In our present day, companies are more into knowledge, skills, ideas, and expertise. Their focus is on data and information processing.  We are now in the Knowledge Era. We tend to use IT-enabled innovations to create methods and business processes. The economic indicators are globalization and standardization. Companies were keen to automation, digitalization, coopetition, and service delivery, and are focused on customer relationship management.

The New Economy is the result of the transition from a manufacturing-based economy into service-based economy. This is the full effects on social, economic, and political systems of the information and communications technologies. Information Technology has evolved into a more rich industry by providing IT-enabled services and business processes. Organizational assets are composed of tangible and intangible assets. A tangible asset also known as physical capital is consists of machines that are used in operations and production. These assets are company owned, and highly maintained. On the other hand, intangible assets are the ideas. knowledge and talents of the people. These assets are also known as intellectual capital. The sources of intellectual capital are the employees, the customers, and the organization.

The New Economy is a high-knowledge industry. Employees are now required to prove and show their knowledge and expertise through professional certifications, not only in technical but also in managing Information Systems. This will give an edge to a company apart from their competitors. 

The New Economy is the new face of the industry.  New Economy is an economy where business firms have learnt to take advantage of both ICT revolution and globalization of business activities in ways which improve productivity. With its three major components: hardware (primarily computers) that processes the information, the communication systems that acquire and distribute information, and the software which, with human intervention, manages the entire system.

The New Economy is the New Super Mario game that we must be getting involved with. We must take advantage of it, and as it continuously evolving and changing, we must do our best to acclimatize and become part of it.