Quote of the Day: Gary Hamel on the the dot-com age of revolution

Interview of Eric Schmidt by Gary Hamel at the...

Interview of Eric Schmidt by Gary Hamel at the MLab dinner. (Photo credit: Wikipedia)

“We are now standing on the threshold of a new age— an age of revolution. Change has changed. No longer is it additive. No longer does it move in a straight line. In the twenty-first century, change is discontinuous, abrupt, seditious. In a single generation, the cost of decoding a human gene has dropped from millions to less than a hundred bucks. The cost of storing a megabyte of data has dropped from hundreds of dollars to essentially nothing. Bandwidth has become a cheaper-than- cheap commodity. Global capital flows have become a raging torrent, eroding national economic sovereignty. Family structures have been pulled asunder. Bare-knuckled capitalism has vanquished all competing ideologies, and a tsunami of deregulation and privatization has swept the globe. Religiously inspired terrorism has created ripples of anxiety and fear throughout the world economy. And despite the dot- com debacle, the Internet is still proving itself to be a profoundly destabilizing force.” Gary Hamel

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One thought on “Quote of the Day: Gary Hamel on the the dot-com age of revolution

  1. Pingback: 7 Quick Keys on Addressing Innovation by Gary Hamel | BusinessLeadershipManagement (BLM)

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