Although today the e-economy is just a small percentage of the world’s economy, it is obvious that the Internet will be the way of doing business in the near future. New questions, related to the rise of electronic networks and the use of information, demand our attention. The treatment of information as a supporting element of the value adding process seems not to suffice in the new era, rendering obsolete the ways that organizations used to seek for competitive advantage. In the new economy, information systems are not merely the ‘tools that support a process’, but they are rather ‘tools that create new value adding processes’. Research should focus on this parameter and establish whether or not the approaches of developing information systems in the new economy should be differentiated from those of the past.