The Innovation Show

Welcome to the finale episode of our exploration of Gary Hamel's groundbreaking book, 'Leading the Revolution.' In this episode, Gary Hamel joins the discussion to delve into the timeless principles of innovation that have maintained their relevance despite evolving business landscapes. This episode is packed with insights on creating wealth through revolutionary design rules, fostering new business concepts, and the importance of low-risk experimentation for long-term success. We examine case studies from companies like Disney, Apple, and Shell, highlighting the practical application of these principles. Get ready to be inspired and equipped with actionable strategies to lead your own revolution!   00:00 Introduction and Overview 00:42 The Role of Top Management in Innovation 01:08 Introduction of Guest and Positive Feedback 01:50 Complexity Theory and Simple Rules 04:29 Unreasonable Expectations and Stretch Goals 11:17 The Importance of Elastic Business Definitions 20:02 The Power of a Noble Cause 26:09 The Need for New Voices and Neurodiversity 32:09 Creating a Market for Innovation 36:40 Shell's Game Changer: Internal Innovation Marketplace 38:46 Challenges of Low-Risk Experimentation 39:48 Commitment to Learning and Experimentation 41:43 The Importance of Patience in Innovation 43:47 Cellular Division: A Model for Organizational Growth 47:22 Connectivity: Learning from Other Industries 50:50 Re-engineering the Management Model for Innovation 57:17 Wealth Creation Index and Innovation Metrics 01:00:05 Balancing Big Bets and Learning in Innovation 01:07:01 Final Thoughts: Embracing the Age of Revolution

Welcome to part five of our enlightening series on open innovation and free user innovation, featuring Eric von Hippel. In this episode, we delve deep into the concept of user-driven innovation and explore real-world examples from sports and daily life. Eric recounts the origins of mountain biking and innovative techniques in rugby, emphasizing how users are not just passive consumers but active innovators. We also discuss insights on lead user studies and how radical user behaviors are driving change in various fields. Tune in to uncover how you can harness the power of user innovation in your own ventures.   00:00 Introduction and Sponsor Acknowledgment 00:53 Recap of Previous Sessions 01:15 The Importance of User Innovation 03:46 Mountain Biking: A Case Study in User Innovation 06:29 Behavioral Innovations in Sports 10:23 User Innovation in Parenting 13:32 Rugby Innovations: Aiden's Experience 16:56 Final Thoughts on User Innovation 20:47 Lead User Studies and Conclusion   Find Eric: https://evhippel.mit.edu

In this episode of the Innovation Show, Aiden is joined once again by renowned business thinker Gary Hamel. Together, they delve into the transformative insights from Gary's book 'Leading the Revolution.' The discussion explores how deeply embedded principles of innovation and renewal can help companies navigate and flourish in turbulent industries. Case studies from industry giants like Cemex, UPS, and Charles Schwab illustrate how these companies have reinvented themselves by fostering organizational activism, customer-centricity, and rapid experimentation. Whether you are a leader looking to future-proof your organization or an innovation enthusiast, this episode offers valuable takeaways on institutionalizing change and sustaining growth.   00:00 Introduction and Welcome 00:24 Discussing the Book's Relevance 01:01 Gray-Haired Revolutionaries 02:14 Institutionalizing Activism 02:38 Case Studies: Charles Schwab, UPS, and Cemex 03:12 Challenges in Sustaining Growth 06:35 Reinvention and Resilience 12:33 UPS: From Trucking to Technology 22:29 Charles Schwab: Bricks and Clicks 35:04 Customer Sensitivity in Pricing Strategies 35:42 Southwest Airlines' Unique Approach 37:17 Innovating in Media: A Personal Story 38:38 Pro-Consumer Decisions in Companies 40:06 The Importance of Understanding Value 40:24 Apple's Retail Strategy 44:12 Promoting Innovation at Charles Schwab 48:09 The Numbers Game of Innovation 51:57 Cemex: Innovating in the Cement Industry 01:07:27 Conclusion and Final Thoughts  

In this engaging conversation, Gary Hamel, acclaimed author of 'Leading the Revolution,' shares insights into driving corporate innovation. He discusses the struggles faced by 'corporate rebels' and emphasizes the importance of building coalitions to challenge outdated business models. Hamel highlights strategies for overcoming resistance and leading change without formal authority. He underscores the need for flexibility and grassroots momentum, inspiring listeners to take bold steps in transforming their organizations and fostering impactful change.

Prof. Andrew W. Torrance, a distinguished law professor from the University of Kansas and visiting scholar at MIT, dives into the legal landscape of user innovation and patents. He discusses the balance between open and closed inventions and the ethical dilemmas surrounding experimental treatments. The conversation brings to light the complex responsibilities innovators face when selling products, as well as the critical relationship between public trust and misinformation in healthcare. Torrance also emphasizes the importance of thoughtful patent policies to encourage innovation.

Gary Hamel, a pioneer in management and innovation, shares his thoughts on leadership and foresight. He underscores the importance of being your own seer to drive innovation. The conversation highlights psychological safety in workplaces as essential for nurturing creativity. Hamel discusses how to spot underappreciated societal trends and the significance of understanding customer frustrations. He leverages real-world examples to illustrate the need for organizations to adapt and think radically to thrive amid change.

In this episode of the Innovation Show, we dive into Chapter 3 of Gary Hamel's influential book, 'Leading the Revolution.' Gary, one of the early proponents of business model generation, discusses the concept of Business Concept Innovation and how it has reshaped industries over the years. We explore examples of companies like Dell and Apple, which have successfully implemented innovative business models, and we delve into the components of business model innovation, including customer interaction, strategies, and value networks. Gary also shares his insights on overcoming organizational inertia, fostering a culture of innovation, and the importance of rethinking conventional business assumptions. This episode is a must-listen for anyone interested in driving innovation within their organization and staying ahead of the curve.   00:00 Introduction to Gary Hamill Series 00:13 Business Concept Innovation 02:44 Examples of Business Model Innovation 04:41 Expanding the Innovation Horizon 05:49 Defining Radical Innovation 08:49 Challenges in Business Model Innovation 17:07 Importance of Deconstructing Assumptions 26:01 Executive Support for Innovation 37:46 Assessing Company Resources for Innovation 38:24 Challenges in Big Companies vs. Startups 38:38 Haier's Approach to Entrepreneurship 40:42 The Importance of Public Policy in Innovation 44:19 The Role of Government in Business Innovation 44:31 Decadence and Complacency in Organizations 46:03 Historical Examples of Efficient Government 50:46 The Need for Courageous Leadership 51:52 Activism and Innovation in Companies 53:27 Building a Resilient Business Model 56:42 Strategic Decisions in Business Models 59:21 The Importance of Customer Contact 01:03:44 First Mover vs. Smart Mover 01:07:44 Competitive Lockout and Choke Points 01:12:14 Preparing for a Rapidly Changing Economy 01:12:44 Continuous Learning and Personal Responsibility 01:14:03 Conclusion and Contact Information

Gary Hamel on Leading the Revolution Part 1   In this episode, renowned business thinker Gary Hamel discusses his book 'Leading the Revolution' with Aidan McCullen, offering an innovative action plan for companies or individuals aiming to stay ahead of the industry. Drawing on successful examples from companies like Charles Schwab, Virgin, GE Capital, and profiling innovators like Ken Kutaragi of Sony PlayStation, Hamel shares how to grow and innovate amidst market chaos. He explores the origin of revolutionary business concepts, key criteria for building activist-friendly and revolutionary-ready companies, the dangers of becoming ‘one vision wonders,’ and harnessing employee imagination. The conversation also reflects on business failures, the cyclical nature of market success, and the essential need for continuous reinvention. Join for invaluable insights on thriving in turbulent times.   00:00 Introduction to Industry Revolutionaries 00:41 Exploring Revolutionary Business Concepts 00:48 Key Criteria for Building Revolutionary Companies 00:55 Avoiding One Vision Wonders 00:59 Harnessing Employee Imagination 01:11 Practical Advice for 21st Century Success 01:23 Welcoming Back a Business Thinker 01:50 Insights from Leading the Revolution 02:37 Honoring Professor Paul Hamel 03:23 Corporate Climate in 2000 03:56 Technological Advancements and Market Shifts 04:43 The Importance of Innovation 05:16 Challenges for Established Companies 06:15 Digital Transformation and Its Pitfalls 06:53 Investment in Technology 09:04 Organizational Orthodoxies 10:42 The Danger of Unchallenged Assumptions 11:19 Examples of Missed Opportunities 15:25 The Future of Retail and Education 17:23 The Importance of Humility in Leadership 18:24 Case Study: Sony's Rise and Challenges 20:44 Leadership and Organizational Dynamics 23:31 Encouraging Innovation from the Periphery 24:32 Case Study: Haier's Entrepreneurial Platform 29:07 Changing the Rules for Success 31:17 Forming Partnerships with Young Companies 32:22 Understanding Innovation Risk 36:31 De-Risking Innovation 37:55 The Importance of Intellectual Commitment 39:17 Challenges of Business Model Innovation 44:37 Strategic Planning vs. Strategy 50:27 The Illusion of Corporate Vitality 59:11 The Need for Innovative Leadership 01:01:13 Conclusion and Next Steps   Find Gary: https://www.garyhamel.com https://www.linkedin.com/in/gary-hamel-791b096/ https://x.com/profhamel

In this episode of The Innovation Show, host Aidan McCullen welcomes back esteemed guest Gary Hamel, celebrated business strategist and co-author of the revolutionary article on core competencies. They dive deep into the concept of competence-based competition, discussing the origins, importance, and modern applications of core competencies. Gary shares insights from his extensive work alongside CK Prahalad and reflects on how their ideas shaped corporate strategy. Using historical and contemporary examples, including Tesla and HAIER, they explore how focusing on deep skills can lead to enduring competitive advantages. This episode is a must-listen for anyone interested in innovation, strategy, and the future of business in a rapidly evolving world.   00:00 Introduction and Welcome 00:23 The Concept of Competence-Based Competition 01:24 Historical Context and Development 02:26 Core Competence and Strategic Implications 05:03 Challenges and Misinterpretations 13:37 Modern Examples and Applications 28:23 Strategic Conversations and Future Focus 35:12 The Danger of Viewing Companies as Product Sets 35:33 Intel vs. TSMC: A Strategic Misstep 37:56 Bounded Innovation and Core Competencies 38:49 Uber's Broader Vision Beyond Ride-Hailing 42:23 Amazon's Evolution from Online Retailer to Logistics Giant 43:21 US Car Makers' Myopia and Missed Opportunities 44:24 Historical Examples: Honda and Sony 47:01 Tesla: An Energy Company, Not Just a Car Maker 48:08 Microsoft's Myopic View and Missed Opportunities 56:00 The Importance of Organizational Flexibility 01:02:26 Encouraging Internal Innovation 01:08:42 Conclusion and Next Steps

Pedro Oliveira, founder of Patient Innovation, shares his passion for user-driven solutions in healthcare. He highlights remarkable stories such as Tal Golesworthy's life-saving aortic support and Louis Plante's lung-clearing device, showcasing the power of patient ingenuity. The discussion delves into how a multi-sided platform connects innovators with industry, encouraging collaboration and inspiring more patient innovations. Oliveira emphasizes the transformative impact these user-generated solutions have on improving lives and reshaping the healthcare landscape.