A Quote by Umair Haque on business and corporations

Yes, business really does change. 400 years ago, corporations were formed by royal decree. 300 years ago, many countries were powered by slave labour, or its closest moral equivalent. 200 years ago, debtors didn't go bankrupt, they went to prison. 100 years ago - well, business is largely the same as it was a century ago. And that's exactly the problem. Business hasn't changed, but today's array of tectonic global shocks demands a different, radically better kind of business. Yesterday's corporations visibly cannot meet today's economic challenges.

Umair Haque

Source: Four Challenges for Tomorrow's CEOs: http://discussionleader.hbsp.com/haque/2008/08/four_challenges_for_tomorrows.html

Contributed by: ~C4Chaos