The following is an excerpt from the convocation speech given by Don Tapscott to the 2012 class of INSEAD, a graduate business school with campuses in France, Singapore and Abu Dhabi.

You don’t need my advice on how to be successful. As an INSEAD graduate you’re fully prepared and ready for the next phase of your life. Many of you have already scored prime jobs or are launching new ventures. So by all means, use your enormous smarts, knowledge, pedigree and connections to be prosperous.

But the world needs you to do more than achieve personal prosperity. Let me explain.

You are graduating at a very important time in human history. It is time of great upheaval, uncertainty and of danger. Many of the institutions that have served us well for decades — even centuries — have come to the end of their lifespan. The old financial services industry, industrial age models of governments, healthcare systems, newspapers, the media and our institutions for solving global problems like the UN are all struggling. Our energy and transportation systems are spewing enough carbon to threaten our biosphere.

Read the full post in The Globe and Mail or Huffington Post