Wednesday, October 07, 2009

Gary Hamel - Competing with the Future

Gary Hamel, author of Competing with the Future is a passionate person. Passion is high among successful people.

His thesis is summarized in the diagram. Seek to increase those things above the line. This is the management challenge of our day.

Some gems:

"Management is the greatest innovation of our time."

"If you are not spending 80% of your time growing food, you can thank management"

"The management problem was to increase efficiency every year. This is just table stakes. Every company needs to do this but it is now a commodity."

"1000 years from today, people will be amazed at the high pace of rate of change." As change accelerates, so does the need for adaptation.

"Product based advantages erode faster than before."

Crisis causes innovation, renewal and change. Deep change is almost always caused by crisis.

"We are no longer in the knowledge economy, we are in the creative economy."

"Today you have to compete with everybody, everywhere for everything" (Although he said this in his talk, he says it is not his quote.)

So the goal is how do you create a company that can innovate and change. Seek creative destruction. Bottom line -EVERYONE in the company needs to be creative and innovate. How do we unleash the creative potential of everyone.

Gary is a good speaker with good insights.


At 2:34 PM, Anonymous Anonymous said...

Hi Jim,

Great post. Are you familiar with Richard Florida? I believe he coined the term "creative class". You may want to check out some of his books on the subject, if you haven't already: Rise of the Creative Class, and Flight of the Creative Class.

At 1:43 PM, Anonymous Jason Wilton said...

Love the part about thanking management for the fact we're not out hunting/gathering/working the land 80% of the time. Some real gems in there, man!


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