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There is no way to create wealth without ideas. Most new ideas are created by newcomers. So anyone who thinks the world is safe for incumbents is dead wrong.

Gary Hamel

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Gary Hamel
Age: 70
Born: 1954
Born: January 1
Businessman
Businessperson
Economist
Without
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Safe
Thinking
Wealth
World
Dead
Create
Anyone
Newcomers
Wrong
Incumbents
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Thinks

More quotes by Gary Hamel

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All too often, a successful new business model becomes the business model for companies not creative enough to invent their own.
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In a world of commoditized knowledge, the returns go to the companies who can produce non-standard knowledge.
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Over the centuries, religion has become institutionalized, and in the process encrusted with elaborate hierarchies, top-heavy bureaucracies, highly specialized roles and reflexive routines.
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Management innovation is going to be the most enduring source of competitive advantage. There will be lots of rewards for firms in the vanguard.
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In a well-functioning democracy, citizens have the option of voting their political masters out of office. Not so in most companies.
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An adaptable company is one that captures more than its fair share of new opportunities. It's always redefining its 'core business' in ways that open up new avenues for growth.
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We've reached the end of incrementalism. Only those companies that are capable of creating industry revolutions will prosper in the new economy.
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Are we changing as fast as the world around us?
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I am an ardent supporter of capitalism - but I also understand that while individuals have inalienable, God-given rights, corporations do not.
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Strategy is, above all else, the search for above average returns.
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Organizational structures of today demand too much from a few, and not much at all from everyone else.
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Influence is like water. Always flowing somewhere.
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An enterprise that is constantly exploring new horizons is likely to have a competitive advantage in attracting and retaining talent.
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Remarkable contributions are typically spawned by a passionate commitment to transcendent values such as beauty, truth, wisdom, justice, charity, fidelity, joy, courage and honor.
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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.
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Any company that cannot imagine the future won't be around to enjoy it.
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Somewhere out there is a bullet with your company's name on it. Somewhere out there is a competitor, unborn and unknown, that will render your strategy obsolete. You can't dodge the bullet – you're going to have to shoot first. You're going to have to out-innovate the innovators.
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Power has long been regarded as morally corrosive, and we often suspect the intentions of those who seek it.
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You can't build an adaptable organization without adaptable people - and individuals change only when they have to, or when they want to.
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Like a child star whose fame fades as the years advance, many once-innovative companies become less so as they mature.
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