Quote

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.

Don Tapscott

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Don Tapscott
Age: 77
Born: 1947
Born: June 1
Author
Businessperson
Economist
Manager
Teacher
Writer
City of Toronto
History
Throughout
Running
Finally
Vertically
Human
Created
Networks
Humans
Wealth
Integrated
Century
Industrial
Create
Gas
Age
Corporations
Point
Turning

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Wherever you are, design your life. Live the values of your generation.
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Peering succeeds because it leverages self-organization—a style of production that works more effectively than hierarchical management for certain tasks.
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The blanket assertion that corporations are people obfuscates the complex issues at play in the changing business world. Corporation are institutions. People are people.
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Those who grew up digital have different brains.
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To be successful in a knowledge economy firms need to create learning organizations.
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The university is in danger of losing its monopoly, and for good reason. The most visible threat are the new online courses, many of them free, with some of the best professors in their respective fields.
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We are at a punctuation point in human history where the Industrial Age and institutions have finally come to their logical conclusion. They have essentially run out of gas.
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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.
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Don’t have work-life balance - at least in the sense of trying to escape from work so you can have a life. Work should be fun - so make work enjoyable and satisfying for everyone - among other reasons because it pays off.
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Institutions are becoming naked, and if you're going to be naked … fitness is no longer optional. If you're going to be naked, you better get buff.
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To me, this is not an information age. It's an age of networked intelligence, it's an age of vast promise.
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You think that social media is about hooking up online? For these kids [in the Tunisian Revolution], it was a military tool to defend unarmed people from murderers.
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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.
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The future is not something to be predicted, it's something to be achieved.
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When I noticed how my own children were effortlessly able to use all this sophisticated technology, at first I thought, 'My children are prodigies!' But then I noticed all their friends were like them, so that was a bad theory.
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These kids [of the current generation] have no fear of technology ... sort of like I have no fear of a refrigerator.
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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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All one needs is a computer, a network connection, and a bright spark of initiative and creativity to join the economy.
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