Accordingly, the uncertainty of the business has escalated, with more external elements to consider and frequent,
unpredictable changes. A growing number of organizations have adopted team working, organic structures and
knowledge-centric cultures as a consequence. For many countries, the degree of knowledge application is becoming
a key measure of human capital and industry. The New Economy is moving beyond bulk material manufacturing to
designing new technologies, beyond processing physical resources to processing knowledge, beyond applying raw
energy to applying ideas (Lang, 2001). In view of the above developments, it is now accepted that the productive
economic core is being relocated from land, labor, capital and machinery to intellectual resources, which emphasize
information, knowledge and technology. It is commonly observed that organization designs and managerial practices
are becoming more differentiated, less bureaucratic, less reliant on hierarchical authority structures and more
psychosocially integrative.