We've reached the end of incrementalism. Only those companies that are capable of creating industry revolutions will prosper in the new economy.
Interpretation
This quote emphasizes the need for companies to innovate radically rather than make small improvements to survive in a competitive economy.
Gary Hamel suggests that the era of making small, incremental changes in business practices is over. In today's fast-paced and competitive environment, only those companies that can fundamentally transform their industries through revolutionary innovations will be able to thrive and succeed. Embracing bold and disruptive changes is essential for survival.
In practice
In a business conference discussing future strategies, one could use this quote to underline the need for radical innovation.
The real damper on employee engagement is the soggy, cold blanket of centralized authority. In most companies, power cascades downwards from the CEO. Not only are employees disenfranchised from most policy decisions, they lack even the power to rebel against egocentric and tyrannical supervisors.
The biggest barriers to strategic renewal are almost always top management's unexamined beliefs.
To create an organization that's adaptable and innovative, people need the freedom to challenge precedent, to 'waste' time, to go outside of channels, to experiment, to take risks and to follow their passions.
If customer ignorance is a profit centre for you, you're in trouble.
It doesn't matter much where your company sits in its industry ecosystem, nor how vertically or horizontally integrated it is - what matters is its relative 'share of customer value' in the final product or solution, and its cost of producing that value.
The single biggest reason companies fail is they overinvest in what is, as opposed to what might be.
Personal, inner change without a change in circumstances and structures is an idealist illusion, as though man were only a soul and not a body as well.
The child in each of us Knows paradise. Paradise is home. Home as it was Or home as it should have been. Paradise is one's own place, One's own people, One's own world, Knowing and known, Perhaps even Loving and loved. Yet every child Is cast from paradise- Into growth and new community, Into vast, ongoing Change.
I played an integral part in helpings formulating that new vision... that we must abandon apartheid and accept one united South Africa with equal rights for all, with all forms of discrimination to be scrapped from the statute book.
'Movement is life;' and it is well to be able to forget the past, and kill the present by continual change.
A corporation is a living organism; it has to continue to shed its skin. Methods have to change. Focus has to change. Values have to change. The sum total of those changes is transformation.
We need a fundamental change of mindset with regards to the way we speak and behave about sex and sexuality. Boys and men have a particularly critical role in this regard, changing the chauvinist and demeaning ways sexuality and women were traditionally dealt with in both our actions and speaking.
Subscribe for the occasional hand-picked quote. No noise.