Hamel's landmark books, Leading the Revolution and Competing for the Future, have appeared on every management bestseller list and have been translated into more than 20 languages. His latest book, The Future of Management (Harvard Business School Press, October 2007), was voted Best Business Book of 2007 by the editors of Amazon.com. Free Kindle ePUB or Reader One of the world s preeminent business thinkers and co author of the bestseller, Competing for the Future, Gary Hamel helped set the management agenda for the 1990s He now brings us into the twenty first century with Leading the Revolution, which spent time on The New York Times, The Wall Street Journal, USA Today, and Business Week bestseller lists, among others In.
'Leading the Revolution', which deals with fostering innovation in business settings, was first published in 2000. Nevertheless, many of the ideas and suggestions that Hamel proposes are still fresh and relevant.
Some of the case-studies, however, are a bit dated (the best example of this are the more than 10 pages to praise innovation at Enron).Hamel's basic premise is that innovation goes above and beyond mere product- or service innovation. He argues that true new wealth is created by radically innovative business models. Following this argument, Hamel claims that radical innovation is the ultimate competitive advantage in the 21st century.Hamel starts out by describing how in the last decade and a half or so of the 20th century, the business environment has made a change from an era of incremental progress to one of revolutionary overhauls of many industries. To survive in this new, fast-changing environment, you have to 'lead the revolution' of innovation. Sitting back and doing business as usual can be fatal, fast.Many companies have difficulty letting go of their ageing business models, even though signs are all around that they are no longer working. Many companies try hard to squeeze the last drops of benefit from their ageing business models by various quality programs and financial engineering. Hamel points out that increased obsession with quality and financial strategies such as share buybacks and even acquisitions can be signs of business models that are (quickly) becoming outdated.After this introduction, Hamel takes the reader through 3 stages: A description of what a business model is, a series of suggestions how an individual can become more open to innovation, and a set of guidelines of how to make a company more innovative.Hamel's framework for a business model contains 4 building blocks:1.
Key Strategy2. Strategic Resources3.
Customer Relations4. Value Connections1. Key Strategy has 3 components:- Mission- Product / Market scope- Basis for DifferentiationThis overlaps with the OAS strategy statement that Kaplan & Norton mention in 'The Execution Premium', which states that a good strategy statement should contain an Objective (what you want to do or become), an Advantage (how you want to do it, how you want to differentiate) and Scope (where you want to operate, who is going to be your customer).2. Strategic Resources has 3 elements:- Core Competencies- Strategic Assets- Key ProcessesHamel, a known promoter of Core Competencies, writes that all competitive advantage worthy of that name is based on unique resources, that are specific to a particular company.3. Customer Relations can be divided in:- Realization and Support- Information and Ideas- Customer Relations Dynamics- Pricing StructureHere, Realization and Support describes how a company is going to market, how it is reaching its customers. This includes distribution channels and customer support. Information and Ideas refers to the information that companies receive from their customers, how they use that information to generate new ideas, and the information that the company provides to its customers.4.
Value Connections are the following:- Suppliers- Complementers- AlliancesThese 4 building blocks are connected as follows:- Customer Benefits connects Key Strategy and Customer Relations- Configuration connects Key Strategy to Strategic Resources- Company Limits connects Strategic Resources to Value Connections.
Leading the Revolution Review and Analysis of Hamel's Book 125 37 EBook application/pdf BusinessNews Publishing The must-read summary of Gary Hamel's book: 'Leading the Revolution'.This complete summary of the ideas from Gary Hamel's book 'Leading the Revolution' shows how, in today's economy, sustainable competitive advantage is derived from just one source - the ability to develop innovative and radical new business concepts. In his book, Gary Hamel explains how successful companies reinvent themselves, attracting new customers as well as retaining the old ones. According to the author, flexibility should be at the heart of every organisation, and you should always have a portfolio of ideas. This summary provides the reader with a blueprint for how to integrate this strategic vision.Added-value of this summary:- Save time- Understand key concepts- Expand your business knowledgeTo learn more, read 'Leading the Revolution' and be inspired by this practical and strategic guide on becoming the best organisation you can be. The must-read summary of Gary Hamel's book: 'Leading the Revolution'.This complete summary of the ideas from Gary Hamel's book 'Leading the Revolution' shows how, in today's economy, sustainable competitive advantage is derived from just one source - the ability to develop innovative and radical new business concepts. In his book, Gary Hamel explains how successful companies reinvent themselves, attracting new customers as well as retaining the old ones. According to the author, flexibility should be at the heart of every organisation, and you should always have a portfolio of ideas.
This summary provides the reader with a blueprint for how to integrate this strategic vision.Added-value of this summary:- Save time- Understand key concepts- Expand your business knowledgeTo learn more, read 'Leading the Revolution' and be inspired by this practical and strategic guide on becoming the best organisation you can be. Application/pdf 1 attracting & keeping customers, creativity, entrepreneurial management, Gary Hamel, leadership, sustainable competitive advantage attracting & keeping customers, creativity, entrepreneurial management, Gary Hamel, leadership, sustainable competitive advantage textual. The must-read summary of Gary Hamel’s book: “Leading the Revolution”.This complete summary of the ideas from Gary Hamel’s book “Leading the Revolution” shows how, in today’s economy, sustainable competitive advantage is derived from just one source – the ability to develop innovative and radical new business concepts. In his book, Gary Hamel explains how successful companies reinvent themselves, attracting new customers as well as retaining the old ones. According to the author, flexibility should be at the heart of every organisation, and you should always have a portfolio of ideas. This summary provides the reader with a blueprint for how to integrate this strategic vision.Added-value of this summary:– Save time– Understand key concepts– Expand your business knowledgeTo learn more, read “Leading the Revolution” and be inspired by this practical and strategic guide on becoming the best organisation you can be.