Wednesday, October 19, 2011

Oldie, but a Goodie

When you work around technology as much as I do and have, it's easy to get caught up in a new idea or concept and believe it will take the world by storm.  On top of slow technology adoption rates, most new concepts have ecosystem challenges that even if solved, are not solved overnight.

There is an excellent Bill Gates quote that always tempers me: "We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction."

On the one hand, don't get caught up in the hype.  On the other hand, don't be a spectator when the action begins.  Great strategic planning helps you to know what to do in the first years and how to tilt the table to your advantage for when it really matters.

So, patience is a virtue, but inactivity is a trap.

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