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.
I see one-third of a nation ill-housed, ill-clad, ill-nourished.
I have been ever of opinion that revolutions are not to be evaded.
Psychology cannot tell people how they ought to live their lives. It can however, provide them with the means for effecting personal and social change.
To be anti-racist you have to be actively a part of dismantling the systems that surround you and the systems that you benefit from.
People are really rather afraid that this country might be rather swamped by people with a different culture.
Propelled by freedom of faith, gender equality and economic justice for all, India will become a modern nation. Minor blemishes cannot cloak the fact that India is becoming such a modern nation: no faith is in danger in our country, and the continuing commitment to gender equality is one of the great narratives of our times.
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