Quote

Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.

Gary Hamel

Change background

T
T
T

Change font

TAGS & TOPICS

Gary Hamel
Age: 70
Born: 1954
Born: January 1
Businessman
Businessperson
Economist
Strategy
Customer
Economy
Guarantee
Term
Insurance
Understand
Guarantees
Important
Loyalty
Long
Performing
Irrelevance
Customers
Dismal
Innovation
Enormously

More quotes by Gary Hamel

Image
Influence is like water. Always flowing somewhere.
Gary Hamel
Image
From Gandhi to Mandela, from the American patriot to the Polish shipbuilders, the makers of revolutions have not come from the top.
Gary Hamel
Image
We've reached the end of incrementalism. Only those companies that are capable of creating industry revolutions will prosper in the new economy.
Gary Hamel
Image
There's a simple, but oft-neglected lesson here: to sustain success, you have to be willing to abandon things that are no longer successful.
Gary Hamel
Image
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.
Gary Hamel
Image
Organizational structures of today demand too much from a few, and not much at all from everyone else.
Gary Hamel
Image
There are as many foolhardy ways to grow as there are to downsize.
Gary Hamel
Image
Your organization can start tweeting, but that wont change its DNA.
Gary Hamel
Image
In an ideal world, an individual's institutional power would be correlated perfectly with his or her value-add. In practice, this is seldom the case.
Gary Hamel
Image
I'm not one of those professors whose office is encased floor-to-ceiling with books. By the way, I think academics do this to intimidate their visitors.
Gary Hamel
Image
Business leaders must find ways to infuse mundane business activities with deeper, soul-stirring ideals, such as honor, truth, love, justice, and beauty.
Gary Hamel
Image
The single biggest reason companies fail is they overinvest in what is, as opposed to what might be.
Gary Hamel
Image
In the age of revolution it is not knowledge that produces new wealth, but insight - insight into opportunities for discontinuous innovation. Discovery is the journey insight is the destination. You must become your own seer.
Gary Hamel
Image
The opportunities for future growth are everywhere. Seeing the future has nothing to do with speculating about what might happen. Rather, you must understand the revolutionary potential of what is already happening.
Gary Hamel
Image
You can't use an old map to see a new land.
Gary Hamel
Image
Management innovation is going to be the most enduring source of competitive advantage. There will be lots of rewards for firms in the vanguard.
Gary Hamel
Image
You can't build an adaptable organization without adaptable people - and individuals change only when they have to, or when they want to.
Gary Hamel
Image
Top-down authority structures turn employees into bootlickers, breed pointless struggles for political advantage, and discourage dissent.
Gary Hamel
Image
Over the centuries, religion has become institutionalized, and in the process encrusted with elaborate hierarchies, top-heavy bureaucracies, highly specialized roles and reflexive routines.
Gary Hamel
Image
Most companies don't have the luxury of focusing exclusively on innovation. They have to innovate while stamping out zillions of widgets or processing billions of transactions.
Gary Hamel