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Innovation is the fuel for growth. When a company runs out of innovation, it runs out of growth.

Gary Hamel

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Gary Hamel
Age: 70
Born: 1954
Born: January 1
Businessman
Businessperson
Economist
Growth
Company
Running
Runs
Fuel
Innovation

More quotes by Gary Hamel

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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
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Power has long been regarded as morally corrosive, and we often suspect the intentions of those who seek it.
Gary Hamel
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In an increasingly non-linear economy, incremental change is not enough-you have to build a capacity for strategy innovation, one that increases your ability to recognize new opportunities.
Gary Hamel
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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.
Gary Hamel
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An uplifting sense of purpose is more than an impetus for individual accomplishment, it is also a necessary insurance policy against expediency and impropriety.
Gary Hamel
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The single biggest reason companies fail is they overinvest in what is, as opposed to what might be.
Gary Hamel
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Most of us do more than subsist. From the vantage point of our ancestors, we live lives of almost unimaginable ease. Here again, we have innovation to thank.
Gary Hamel
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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
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In the age of revolution you have to be able to imagine revolutionary alternatives to the status quo. If you can't, you'll be relegated to the swollen ranks of keyboard-pounding automatons.
Gary Hamel
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Taking risks, breaking the rules, and being a maverick have always been important but today they are more crucial than ever.
Gary Hamel
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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.
Gary Hamel
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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
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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.
Gary Hamel
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Top-down authority structures turn employees into bootlickers, breed pointless struggles for political advantage, and discourage dissent.
Gary Hamel
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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
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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.
Gary Hamel
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Discovery is the journey insight is the destination.
Gary Hamel
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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.
Gary Hamel
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Competition for the future is competition to create and dominate emerging opportunities-to stake out new competitive space. Creating the future is more challenging than playing catch up, in that you have to create your own roadmap.
Gary Hamel
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An enterprise that is constantly exploring new horizons is likely to have a competitive advantage in attracting and retaining talent.
Gary Hamel