The Innovation Show
Gary Hamel Part 1: Competing for the Future 1
Feb 13, 2025
Gary Hamel, a renowned management thinker and author, shares his insights on innovation and organizational transformation. He discusses the lessons learned from Nokia’s rise and fall, emphasizing the need for open strategy and adaptability. Hamel highlights the impact of youthful perspectives in leadership, the necessity of unlearning outdated practices, and the dangers of complacency. He also touches on the challenges of predicting the future and the evolution of communication, urging leaders to embrace change to foster creativity and drive innovation.
01:10:55
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Quick takeaways
- Gary Hamel emphasizes the importance of foresight and humility in leadership to combat the challenges posed by foreign competition.
- Hamel advocates for open strategy and diversity of thought within organizations to foster innovation and challenge complacency.
Deep dives
The Evolution of Business Thinking
Gary Hamel reflects on how the challenges of the late 20th century, particularly from foreign competition, reshaped American business thinking. He notes that executives demonstrated a lack of foresight, leading to significant market share losses to companies like Toyota and Honda. Hamel emphasizes the real-world consequences of this myopia, which affected livelihoods and communities, especially near Detroit. This experience informed his belief that business leaders have a profound responsibility to not only shareholders but to a broader constituency of stakeholders.
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