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.
Future generations are not going to ask us what political party were you in. They are going to ask what did you do about it, when you knew the glaciers were melting.
Everything changes, nothing remains without change.
A talent for speaking differently, rather than for arguing well is the chief instrument of cultural change.
Nothing is static. Even the Mona Lisa is falling apart. Since fight club, I can wiggle half the teeth in my jaw. Maybe self-improvement isn't the answer. Maybe self-destruction is the answer.
If everyone has to think outside the box, maybe it is the box that needs fixing.
I'm going to do anything I can do - whether that's being part of FIFA or creating some sort of movement that can actually impart real equality across all lines - in every country, every city, every sector all over the world, that's what I'm going to do.
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