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.
Spring never is spring unless it comes too soon.
The north remembers, Lord Davos. The north remembers, and the mummerβs farce is almost done. My son is home.
My generation was the turning point. Women older than us didn't expect to have jobs or careers; those younger did. But we were where it was changing - which is interesting but uncomfortable.
We have to understand what the older generation has dealt to us, what mess they have created that we have to clean up and live with.
The Monster Ball is by nature a protest: A youth church experience to speak out and celebrate against all forms of discrimination + prejudice.
We can look forward to the day when the free flow of trade, from the southern reaches of Tierra del Fuego to the northern outposts of the Arctic Circle, unites the people of the Western Hemisphere in a bond of mutually beneficial exchange, when all borders become what the U.S.-Canadian border so long has been: a meeting place, rather than a dividing line.
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