The Future of Management

Sunday, February 24, 2008
Gary Hamel

Surely you’ve heard that Toyota surpassed Ford Motor and is now the #2 automaker in the world. Are you familiar with the (business) chant Innovation, Innovation, Innovation? Read The Future of Management, by Gary Hamel, visiting professor at London Business School since 1983, “the world’s leading expert on business strategy” (Fortune magazine), “the world’s reigning strategy guru” (The Economist), and author of business bestsellers.

Hamel buries our existing management model, which is as old as its long deceased creators. He implores today’s managers to set aside their self-interest and study the successful, though sometimes eccentric, upstarts and incorporate their strategies – Whole Foods Market, W.L. Gore (Gore-Tex) and Google. Hamel’s Management 2.0 proposes to take Innovation out of R&D and give it to everyone –empowering employees, flattening and lattice-ing management’s hierarchy. It’s easier for upstarts but existing businesses can, painfully, join the new century, succeed … and thrive!

The case studies alone are worth the read. And what about Toyota? According to Hamel, Toyota empowered “ordinary people” to problem solve. And Google? Well,… you have to read it for yourself.

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