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Past Experience May Not Prepare Today's Businesses For a Digital Future
Introduces and briefly explores the competitive forces that are being created by digital technologies. Useful for small to medium sized businesses wishing to widen their understanding of the digital business environment.
This article also appeared in CIO Magazine.
Quotes
In our reading and research we often find quotes that are worth sharing...
".. success requires more than the right combination of capital and technology; it also requires a critical mass of employees to adopt new behaviour and new ways of thinking."
"new behaviour requires passion to build something new and the determination to stick with it"
Dan Ciampa, MITSloan 2017
"the idea of the future being different from the present is so repugnant to our conventional modes of thought and behavior that we, most of us, offer a great resistance to acting on it in practice."
John Maynard Keynes (1937)
"think about innovation as something beyond what will make your products or services faster and better. You also need to think about who you want your customers to become and how new technology transforms your customers, not just your business.”
Michael Schrage, MIT Center for Digital Business.
“I've come up with a set of rules that describe our reactions to technologies:
1. Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works.
2. Anything that's invented between when you’re fifteen and thirty-five is new and exciting and revolutionary and you can probably get a career in it.
3. Anything invented after you're thirty-five is against the natural order of things and the beginning of the end of civilization as we know it. Until its been around for about 10 years, when it gradually turns out to be alright really.”
Doulgas Adams, The Salmon of Doubt (posthumously published in 2002)