Tech’s Exponential Growth – and How to Solve the Problems It’s Created

HBR IdeaCast

Harvard Business Review

Hbr, Finance, Entrepreneurship, Business/management, Harvard, Business/entrepreneurship, Teams, Leadership, Economics, Management, Innovation, Communication, Strategy, Business, Marketing, Business/marketing

4.3 • 1.9K Ratings

🗓️ 12 October 2021

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Technological development is happening faster than ever and changing our lives in fundamental ways. The companies behind all these new gadgets and services are no doubt the greatest corporate success stories of our age. But entrepreneur and investor Azeem Azhar worries that our public institutions haven't kept pace with the industry, which has created an exponential gap between digital haves and have nots. He offers recommendations on how bridge the divide and achieve growth with broader societal benefits. You can hear more from Azeem Azhar on his HBR Presents podcast, Exponential View.

Transcript

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0:00.0	Want to hear inspiring leaders share their boldest career decisions?
0:05.0	Then I'd recommend Harvard Business School's Deep Purpose.
0:08.0	This season, host Ron J. Gulati,
0:10.0	sits down with executives from companies like Levi Strauss,
0:13.0	Unilever, and Alaska Airlines to discuss their courageous business choices.
0:18.0	Here's season two of Deep Purpose, wherever you listen to podcasts.
0:30.0	Welcome to the HBR Idea Cast from Harvard Business Review. I'm Allison Beard.
0:49.0	Over the past several decades, we've all watched the technology sector explode
0:53.0	and change our lives in fundamental ways.
0:55.0	We've moved from mainframe computers to laptops and smartphones,
0:59.0	dial up internet to 5G wireless, floppy disks to storage in the cloud,
1:03.0	DVDs to streaming, AOL email to Insta, Snapchat, Roblox, and TikTok.
1:08.0	And the companies behind all these devices and services are likely to go down
1:11.0	as some of the greatest corporate success stories of all time.
1:14.0	They innovate, they dominate, they earn piles of cash to reinvest.
1:18.0	They're driving what our guests today calls the exponential age,
1:22.0	a period of unprecedented growth, but there's just one problem.
1:26.0	The rest of society isn't moving at the same pace.
1:29.0	The rising technology tide is not lifting all boats.
1:32.0	There's a wiping divide between digital halves and half-nots.
1:35.0	There's an exponential gap.
1:37.0	And our institutions now need to hurry to fill it.
	...

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