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.
It is not for us to forecast the future, but to shape it.
No one is alone, and each change here brings about another change there.
How much shall I be changed, before I am changed!
Our revolution in Burkina Faso draws on the totality of mans experiences since the first breath of humanity. We wish to be the heirs of all the revolutions of the world, of all the liberation struggles of the peoples of the Third World. We draw the lessons of the American revolution.
Growing old gracefully used to begin at about 35, but today women prefer to 'stay young gratefully' with thanks to designers, beauticians and plastic surgeons.
One of the triumphs of the Civil Rights Movement is that when you travel through the South today, you do not feel overwhelmed by a residue of grievance and hate.
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