The Digital Economy ANNIVERSARY EDITION: Rethinking Promise and Peril in the Age of Networked Intelligence 2nd Edition

Valuable education material: academic at my age, but important in my role on the Executive of "The Electronic Technology Club" based at the Colborne Seniors Centre, Oakville where we seek to enhance the knowledge of our membership.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.

Ordered this after much hype on the major money radio stations, including interviews off YouTube. I even requested the '1st' edition at my local library in anticipation of the '4th' editions arrival. It is a good read and you cannot go wrong when the author is a guest on Bob Brinker's Money Talk.

Don Tapscott, seem to have a crystal ball, when he wrote about future event/happenings in technology in 1995 and real enough in 2014 it happened, some are yet to happen though, but if you are observant and have read this book I am reviewing "The digital economy", you will see it too that it is also going to happen, Kudo to Don.Well done/said Don, well said Don.

The Digital Economy was a seminal work in its day and Tapscott's rewrite updates the book to today's world. His insights are still highly perceptive and worth considering by anyone involved in planning to compete in today's business environment or anyone who wants to understand today's business world.

interesting book

Mr. Tapscott gives an impassioned and thorough overview of the post-9/11 political and legal difficulties the Canadian government created for itself. In a world full of hotly-charged situations, cooler heads must indeed prevail, especially where security is at issue (and yet, as the author points out, this is exactly the time when the squeakiest wheel seems to get all the grease). Eminently informed and readable.

This is the 20th Anniversary Edition of a book first published in 1995. Don Tapscott's other books include Macrowikinomics: New Solutions for a Connected Planet (2012), Grown Up Digital (2008), and Wikinomics: How Mass Collaboration Changes Everything (2006). I commend him on how skillfully he correlates material in the earlier edition with material that updates it. More specifically, he provides a "20th Anniversary Edition" Preface and then a Commentary that serves as an introduction to each of the 12 chapters. He carefully organizes and presents all of the material within four Parts: Thriving in a New Economy (Chapters 2-4), Internetworking (5-8), Leadership for Transformation (9 & 10), and Leadership for the Digital Frontier (11 & 12).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."

Good overview of digital transformation how it works, how it might and does affect economy, institutions and individuals. The book is an easy read although could have been more condensed.