Ideas that transform industries almost never come from inside those industries. Gary Hamel More Quotes by Gary Hamel More Quotes From Gary Hamel There is no way to create wealth without ideas. Most new ideas are created by newcomers. So anyone who thinks the world is safe for incumbents is dead wrong. Gary Hamel wayideasthinking Online hierarchies are inherently dynamic. The moment someone stops adding value to the community, his influence starts to wane. Gary Hamel adding-valuehierarchycommunity Taking risks, breaking the rules, and being a maverick have always been important but today they are more crucial than ever. Gary Hamel riskimportanttoday Discovery is the journey; insight is the destination. Gary Hamel destinationjourneydiscovery Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy. Gary Hamel irrelevanceloyaltylong I don't know whether the universe contains any evidence of intelligent design, but I can assure you that thousands of everyday products do not. Gary Hamel designeverydayintelligent Trust is not simply a matter of truthfulness, or even constancy. It is also a matter of amity and goodwill. We trust those who have our best interests at heart, and mistrust those who seem deaf to our concerns. Gary Hamel deafmatterheart **New business concepts are always, always the product of lucky foresight.** That's right - the essential insight doesn't come out of any dirigiste planning process; it comes form some cocktail of happenstance, desire, curiosity, ambition and need. But at the end of the day, there has to be a degree of foresight -- a sense of where new riches lie. So radical innovation is always one part fortuity and one part clearheaded vision. [first-line bold by author] [2002] p.23 Gary Hamel innovationambitionlying Over the centuries, religion has become institutionalized, and in the process encrusted with elaborate hierarchies, top-heavy bureaucracies, highly specialized roles and reflexive routines. Gary Hamel hierarchyrolesprocess The biggest barriers to strategic renewal are almost always top management's unexamined beliefs. Gary Hamel renewaltop-managementbelief As human beings, we are the only organisms that create for the sheer stupid pleasure of doing so. Whether it's laying out a garden, composing a new tune on the piano, writing a bit of poetry, manipulating a digital photo, redecorating a room, or inventing a new chili recipe - we are happiest when we are creating. Gary Hamel gardenstupidwriting This extraordinary arrogance that change must start at the top is a way of guaranteeing that change will not happen in most companies. Gary Hamel arrogancechangeway The value of your network is the square of the number of people in it. Gary Hamel squaresnumberspeople Alan Kay's famous aphorism is that perspective is worth 80 IQ points. An innovative insight is not the product of an individual's brilliance. It's not as if innovators' heads are wired in different ways. Innovation typically comes from looking at the world through a slightly different lens. Gary Hamel innovationperspectivedifferent What matters in the new economy is not return on investment, but return on imagination Gary Hamel returnwhat-mattersimagination It doesn't matter much where your company sits in its industry ecosystem, nor how vertically or horizontally integrated it is - what matters is its relative 'share of customer value' in the final product or solution, and its cost of producing that value. Gary Hamel ecosystemswhat-matterseducational All too often, legacy management practices reflexively perpetuate the past - by over-weighting the views of long-tenured executives, by valuing conformance more highly than creativity and by turning tired industry nostrums into sacred truths. Gary Hamel tiredcreativitypast Only stupid questions create wealth. Gary Hamel stupid-questionswealthstupid An uplifting sense of purpose is more than an impetus for individual accomplishment, it is also a necessary insurance policy against expediency and impropriety. Gary Hamel accomplishmentpurposeuplifting I live a half mile from the San Andreas fault - a fact that bubbles up into my consciousness every time some other part of the world experiences an earthquake. I sometimes wonder whether this subterranean sense of impending disaster is at least partly responsible for Silicon Valley's feverish, get-it-done-yesterday work norms. Gary Hamel valleysyesterdayearthquakes
