Today in New York, BSG Chairman Steve Papermaster and New Paradigm founder Don Tapscott held a news conference to announce the acquisition of New Paradign, which is now becoming part of BSG Alliance. Steve announced the news itself, and the history of the growing relationship and friendship with New Paradigm and Don.

Don continued the discussion on the state of corporate America as he sees it. Most of his themes are concurrent with his writing, especially Wikinomics. Don says he sees a crisis in leadership. He makes some interesting points on today’s web vs. the web of the past.

Old Web vs. New Web

• The old web was accessed through a PC. The new web is accessed through various devices (cell phones, PDA’s).
• The old web was low bandwidth. The new web is high bandwidth and high spectrum.
• The old web presented information in HTML. The new web is all about XML.
• The old web was focused on the presentation of information. Today’s web is a global computational platform.
• The old web existed outside the corporate organization. The new web is pervasive inside the organization.

Don said that there are fundamental changes coming. The new web, the younger generation, and other forces are creating a perfect storm (a category 6 according to Papermaster). Leading organizations who embrace these realities have an opportunity to grow faster, innovate better, and create real wealth.

A CIO panel followed, with fascinating insights on the challenges facing corporate America, and how to adapt to this new state of mind, this new way of being that will harness the power of the Net Generation.