Economic Growth Is Linked to Technological Innovation
Economic growth is linked to technological innovation. However, many contemporary organisations are still modeled on a paradigm that pre-dates the industrial revolution. It’s like trying to win a Formula-1 Grand Prix in a Model T Ford.
Before the industrial revolution wealth was based on owning land. With each subsequent wave of technological innovation potential for growth has been further separated from ownership of tangible assets. If your business model relies only on the ‘things’ that you own, you are limiting your potential for growth.
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