Gary Hamel's keynote

[October 2007 - see an updated post on "The Future of Management" here.]

Gary's topic is: What is the future of management? Have we reached the end of the road in management innovation?

Most sustainable, longest-lasting innovation
Management Innovation
Industry Architecture Innovation
Business Model Innovation
Product Innovation
Operational Innovation
Least sustainable, shortest-lasting innovation

Radical management innovations of the past:

• General Motors: Divisionalization - Sloan's idea
• Toyota: Investing in problem-solving skills of every employee
• Procter & Gamble: Brand management (management of intangible assets)
• Visa: building a network of banks to compete and collaborate
• Linux/Apache open source software - ability to create complex products with a distributed workforce

Management innovation is radical when the reaction to the change is contrary--how can they do that? (e.g., Microsoft's reaction to the open-source movement)

What's next?

Areas to explore:

• Dealing with accelerating change
• Dealing with intensifying competition (falling barriers to entry, low-cost competitors, increasing power of customers)
• Driving innovation throughout the company on a continuous basis
• Creating value despite the dispersion of knowledge across companies (outsourcers, partners, etc.)
  

Gary's hierarchy of human capabilities:

1. Passion
2. Creativity
3. Initiative
4. Intellect
5. Diligence
6. Obedience

innovation, strategy, Fortune Innovation Forum, business