The Digital Economy ANNIVERSARY EDITION: Rethinking Promise and Peril in the Age of Networked Intelligence Hardcover – Sep 26 2014
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About the Author
Don Tapscott is an internationally renowned speaker and the bestselling author of The Digital Economy and co-author of Blueprint to the digital Economy, Paradigm Shift, and Who Knows. He is chairman of the Alliance for converging Technologies which represents the collaborative effort of ca. 40 of the world's leading technology, manufacturing, and retail organizations. He is also the president of the New Paradigm Learning Corporation.
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Seminal perhaps in its time but doesn't add anything new to the debate.
Seems a bit of a self congratulatory cash grab.
Most Helpful Customer Reviews on Amazon.com (beta)
These are among the dozens of passages of greatest interest and value to me, also listed to suggest the scope and depth of Tapscott's coverage in the first three chapters:
o The Digital Economy -- The Big Ideas (Pages xii-xv)
o Major issues, then and now (xvi-xxi)
o The Challenge of Leadership (8-10)
o A Time of Transformation (11-14)
o The New Economy (15-18)
o The Internet: Hype, Reality, and Promise (22-35)
o The Four Problems with Reengineering as Practiced (36-38)
o The Dark Side of Networked Intelligence (40-46)
o Twelve Themes of the New Economy (54-77)
o Twelve Corresponding Themes: Economy, Organization, and Technology (78-80)(
o Social Media and New Business Models (83-90)
o The High Performance Team (97-102)
o The Extended Enterprise (102-107)
o The Internetworked Business (107-111)
I agree with Tapscott that past technological paradigms, such as the broadcast media and the old model of the computer and other transitions covered so well in Walter Isaacson's most recent book, The Innovators, were hierarchical, immutable, and centralized. How could they be otherwise? They were disruptive precisely because "they carried the power of their powerful owners. The new media are interactive, malleable, and distributed in control. As such, they cherish an awesome neutrality. Ultimately they will be [or become] what we want they to be. They will do what we command of them." In other words, we can shape the future for the common good. That is, "create a new social consciousness and conscience. If we act, rather than passively observe, we can seize the time. And the Age of Networked intelligence will be an age of promise fulfilled."
We live on Internet time whether we like it or not. Life goes on and seems to bring new innovations with almost endless regularity. Yet, when you take a big long look at it after years at a time we find ourselves shocked at how much as changed. To prognosticate the future on the Internet timescale is a risky venture even looking year to year. When one understands the fundamentals of what is changing, per rare individuals like Don Tapscott, it is possible been right on the target even over decades. In his 20th anniversary edition of The Digital Economy(McGraw-Hill, 2014), we can take a look back at the bright glimpses into what was and look forward at what could be.
As I read this version written 20 years later, updated with many new pre-chapter pages, I find both some of his predictions that have come to pass, as well as things that are still actively underway. Reading this book is taking two trips in parallel: examining innovations that challenged our thinking in the past, and following new issues that continue to persist or are developing. This book isn’t a nostalgia piece, but a challenge to how you look at innovation with long-term impact.
The value of this book is to help people catch up on the common underlying issues of the Digital economy in the world today. Yet, a digital historian can also use this to examine how innovative ideas that span beyond single companies, industries or countries, evolve over time. It helps us understand maturity and the diffusion of innovation, even as we claim there is too much inertia in some fields for real change.
[Read more on http://onforb.es/1pwE7sj ]
It was the privilege of a small city boy of Bhubaneswar, India to be among the early readers of this book with brand new essays and updates of the original groundbreaking text. I wanted to know how it can help me shape strategy of my start-up Little Steps Preschool, Bhubaneswar, India.
Foreword to The Digital Economy 20th Anniversary Edition is by Eric Schmidt, Executive Chairman Google and Praises for the Anniversary Edition is from Top Leaders of the most successful companies today.
I was even more kicked when I finished reading it today. It introduced me to a number of big ideas of the ‘Age of Networked Intelligence’ and is a must read for everyone who wants to see what the future of business and technology so as to shape his / organization’s strategy .
To each of the twelve chapters there is a new introductory essay that reflects on how the world has changed since he had written it. It raises new issues and insights which are relevant today and projects foreword to the next 20 years. This will enable a reader to plan and harness the future.
He cites that the internet tonic does not apply only to corporations. Society now has the most powerful platform ever for bringing together the people, skills, and knowledge related to ensure growth, social development, and a just and sustainable world.
For the macro picture like democracy he suggests to replace the old model with a new model of ‘participatory democracy’ built around five principles of integrity, accountability, interdependence, engagement with citizens, and transparency.
The final chapter raises deep concerns about the impact of the digital revolution on issues like employment, equity in society, democracy, quality of life, and global problems. He suggest to adopt a value statement and constantly revise it as the world and conditions change. Know how to adjust and turn off the shower of technology overload and at the same time harness power of technology and transparency for the good; design them rather than having them control you.
Sequence - read the original chapters first, selectively to your interest!
I also purchased for Granddaughter (Engineer) & Grandson (Sports Marketing) as Ch 10 Leadership for the Internetworked Business has useful reference value.
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