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In 1997, clients balked at self-ordering. They thought it…

“In 1997, clients balked at self-ordering. They thought it was beneath them. But in 1998, a sea change in perception came, thanks to the rise of the Net and online trading. The concept of doing it yourself was not crazy.” quote by Howard Lutnick
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“In 1997, clients balked at self-ordering. They thought it was beneath them. But in 1998, a sea change in perception came, thanks to the rise of the Net and online trading. The concept of doing it yourself was not crazy.”

Howard Lutnick

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Clients initially resisted self-service because they felt it lowered status, but internet growth shifted attitudes, making DIY trading acceptable.

In simple terms: People feared self-ordering, but the internet changed that view.

Key Takeaway

Embrace technology as it can reshape expectations.

Themes

innovation technology adoption consumer behavior

Mood

optimistic analytical

Type

business historical

When to use this quote

  • financial services
  • e‑commerce
  • retail banking
  • investment platforms

Key Concepts

digital transformation self-service network effects

Questions to Reflect On

  • How can firms ease the transition to self‑service?
  • What factors most quickly change consumer perceptions?
A Different Perspective

Resistance may persist where personal interaction is valued.

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