“Management is out of date and not fit for the future” Gary Hamel, world’s most influential business thinker
Dr Gary P Hamel 62, an American management expert, founder of “Strategos”, based in Chicago, one of the world’s most influential business thinkers, has been on the faculty of the London Business School for more than 30 years and is the director of the Management Innovation eXchange. Hamel penned 17 articles for Harvard Business Review and his books have been translated into more than 25 languages. He started his working life as a hospital administrator before doing PhD and sharing his time between London and Chicago. His recent bestseller The Future of Management and What Matters Now, he presents an impassioned plea for reinventing management and lays out a practical blueprint for building organisations that are “fit for the future”. The Fortune magazine has called him “The world’s leading expert on business strategy”, and The Wall Street Journal recently ranked Gary Hamel as the world’s most influential business thinker.
As a consultant and management educator, Hamel has worked for Shell, Time Warner, General Electric, Nestle, Proctor & Gamble, 3M, Microsoft and IBM. He lives in North California and is a Fellow of the World Economic Forum and the Strategic Management Society. His mantra “Innovation starts with the heart – with a passion for improving lives of those around you and gave a perfect example when the iPad was introduced Jony Ive, Apple’s head of design, talked about his passion for creating things that seemed magical and it all begins with an attitude you have to be achingly eager to do whatever can be done, within the limits of physics and economics to raise the quantum of human happiness in the world.”
In his most recent book, “The Future of Management” Gary Hamel argues that organisations need management innovation now more than ever,as the management parading of the last century- focused on control and efficiency – no longer suffices in a world where adaptability and creativity drive business success to thrive in the future, companies must reinvent management. Hamel further claims “Managements is out of date, like the combustion engine, it’s a technology that has largely stopped evolving, and that’s not good. My goal in writing this book was not to predict the future of management, but to help you invent it.”
He suggested the need for companies to have a purpose, to seek out ideas from the fringes and to embrace the democratising power of the internet. He debates what fuels long-term business success? Not operational excellence, technology breakthroughs or new business models, but management innovation – new ways of mobilising talent, allocating resources, formulating strategies.
Hamel explains how to turn your company into a serial management innovator to make-or-break challenges that will determine competitive success in an age of relentless, head-snapping change, the radical principle that will be needed to become part of every company’s “management DNA”.