Gary Hamel Part 1: Competing for the Future 1
In this episode of the Innovation Show, renowned management thinker Gary Hamel discusses his extensive work in the field of organizational transformation and innovation. Reflecting on his early experiences at the University of Michigan and the London Business School, Hamel shares insights into the impact of foreign competition on American businesses in the late 1970s, and the critical importance of foresight and humility for executives. He delves into his consulting work with companies like Nokia and Apple, emphasizing the need for open strategy, diversity of thought, and the constant reinvention of competencies. Hamel also offers practical advice for leaders on avoiding the pitfalls of complacency and short-term thinking, urging them to build organizations that can thrive and innovate in a rapidly changing world.
00:00 Introduction and Welcome
00:43 Early Career and Influences
02:38 Teaching at London Business School
04:50 Consulting and Industry Experience
07:27 Collaboration with CK Prahalad
08:23 Lessons from Global Competition
22:10 Nokia's Rise and Fall
37:22 Innovative Leadership Through Video Messaging
37:42 Predicting the Future: Challenges and Insights
39:12 The Rise of Streaming and the Fall of Broadcast TV
40:39 Executive Resistance to Change
42:05 The Importance of Forgetting and Unlearning
43:49 Youthful Perspectives in Strategy Meetings
44:32 The Downfall of Nokia: Lessons in Innovation
47:06 Apple's Commitment to Silicon Mastery
48:44 Building Competencies for Future Success
53:28 The Persistence of Corporate Failings
01:04:54 The Role of Leadership in Innovation
01:10:15 Conclusion and Call to Action
Find Gary: https://www.garyhamel.com
