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.”
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Resisting new tech to protect old business models mirrors outdated trades blocking innovation.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.
Encourage openness to change.
Themes
Mood
Type
When to use this quote
- startup strategy
- policy making
- industry regulation
- investment decisions
Key Concepts
Questions to Reflect On
- How can firms balance legacy revenue with innovation?
- What incentives could ease transition?
Change can cause shortterm loss for incumbents.