There's a whole generation of young people who are faced with the so-called 'jobless recovery.' Necessity is the mother of invention. They are out there, all around the world, creating new companies.
Don TapscottRead
Holding back technology to reserve business models is like allowing blacksmiths to veto the internal combustion engine in order to protect their horseshoes.
Interpretation
What this quote means
Restricting technological advancement for the sake of existing business models is counterproductive.
This quote by Don Tapscott highlights the absurdity of hindering technological progress simply to protect outdated business practices. Just as blacksmiths would have been misguided to try to prevent the invention of the automobile to safeguard their trade, businesses today should not resist innovation that could benefit society as a whole.
Themes
TechnologyInnovationBusinessProgressChange
In practice
Example use cases
In a technology conference discussing the future of AI and its impact on industries.
More from Don Tapscott
All quotes βThroughout the 20th century, we created wealth through vertically integrated corporations. Now, we create wealth through networks. We are at a turning point in human history, where the industrial age has finally run out of gas.
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If you work for and eventually lead a company, understand that companies have multiple stakeholders including employees, customers, business partners and the communities within which they operate.
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Leadership is happening, but it's not coming from the leaders of the old institutions. Everywhere you look, you see these extraordinary, sparkling new initiatives that are under way.
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The social world is transforming the way we create wealth, work, learn, play, raise our children, and probably the way we think.
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In an age where everything and everyone is linked through networks of glass and air, no one - no business, organization, government agency, country - is an island. We need to do right by all our stakeholders, and that's how you create value for shareholders. And one thing is for sure - no organization can succeed in a world that is failing.
Don TapscottRead
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