Holding back technology to reserve business models is like allowing blacksmiths to veto the internal combustion engine in order to protect their horseshoes.
Don TapscottRead
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.
Interpretation
What this quote means
The quote highlights how youth are innovating and creating new opportunities despite economic challenges.
Don Tapscott speaks about the current generation who is dealing with economic difficulties characterized as a 'jobless recovery.' In this context, he emphasizes that these challenges have spurred creativity and entrepreneurship among young people, leading them to establish new companies and initiatives. The saying 'Necessity is the mother of invention' suggests that the pressing need for jobs and stability has led to innovation and the pursuit of new ventures.
Themes
InnovationEntrepreneurshipYouthEconomic ChallengesCreativity
In practice
Example use cases
In a speech about economic resilience, one might quote this to inspire students.
More from Don Tapscott
All quotes →Throughout 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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