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.
Even if we didn't have greenhouse gases, were going to have to move away from fossil fuels, as we're going to run out. They're finite, whereas solar and wind are infinite.
Any business today that embraces the status quo as an operating principle is going to be on a death march.
the people who are crazy enough to think they can change the world are the ones who do.
The north remembers, Lord Davos. The north remembers, and the mummerβs farce is almost done. My son is home.
Development comes from within. Nature does not hurry but advances slowly.
How many black people are there in the higher echelons of any industry? We can talk about journalism, we can talk about politics. So why should football be any different?
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