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This quote by Don Tapscott highlights the absurdity of hindering technological progress simply to protect outdated business practices.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.
Don TapscottRead
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.
Don TapscottRead
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.
Don TapscottRead
The social world is transforming the way we create wealth, work, learn, play, raise our children, and probably the way we think.
Don TapscottRead
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
Similar quotes
The Internet will make every enterprise a publisher.
Steve CaseRead
It is dangerously destabilizing to have half the world on the cutting edge of technology while the other half struggles on the bare edge of survival.
William J. ClintonRead
I've actually made a prediction that within 30 years a majority of new cars made in the United States will be electric. And I don't mean hybrid, I mean fully electric.
Elon MuskRead
New technologies, however remarkable they might seem, are fundamentally just tools made by people for people.
Klaus SchwabRead
We are now living in a completely digitalized world and a completely globalized world, so we have to find some new mechanisms and values to deal with this post-digitalized and post-globalized world.
Klaus SchwabRead
There's no other company that could make a MacBook Air and the reason is that not only do we control the hardware, but we control the operating system. And it is the intimate interaction between the operating system and the hardware that allows us to do that. There is no intimate interaction between Windows and a Dell notebook.
Steve JobsRead