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Allowing Quote by Don Tapscott

“Holding back technology to reserve business models is like allowing blacksmiths to veto the internal combustion engine in order to protect their horseshoes.” quote by Don Tapscott
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“Holding back technology to reserve business models is like allowing blacksmiths to veto the internal combustion engine in order to protect their horseshoes.”

Don Tapscott

About This Quote

Resisting new tech to protect old business models mirrors outdated trades blocking innovation.

In simple terms: Blocking tech to protect old profits.

Key Takeaway

Encourage openness to change.

Themes

innovation business technology resistance economics

Mood

cautious critical

Type

analytical commentary

When to use this quote

  • startup strategy
  • policy making
  • industry regulation
  • investment decisions

Key Concepts

disruption creative destruction market dynamics

Questions to Reflect On

  • How can firms balance legacy revenue with innovation?
  • What incentives could ease transition?
A Different Perspective

Change can cause shortterm loss for incumbents.

4.9 out of 5 (5 ratings)

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