What matters in the new economy is not return on investment, but return on imagination Gary Hamel More Quotes by Gary Hamel More Quotes From Gary Hamel A noble purpose inspires sacrifice, stimulates innovation and encourages perseverance. Gary Hamel perseverancesacrificeinspire In the long term the most important question for a company is not what you are but what you are becoming. Gary Hamel importantlongpast Today, no leader can afford to be indifferent to the challenge of engaging employees in the work of creating the future. Engagement may have been optional in the past, but its pretty much the whole game today. Gary Hamel creatinggamespast Innovation is the fuel for growth. When a company runs out of innovation, it runs out of growth. Gary Hamel innovationgrowthrunning The goal is not to speculate on what might happen, but to imagine what you can make happen. Gary Hamel imaginationgoalmight Out there in some garage is an entrepreneur who's forging a bullet with your company's name on it. You've got one option now - to shoot first. You've got to out innovate the innovators. Gary Hamel bulletsentrepreneurnames You can't use an old map to see a new land. Gary Hamel mapslanduse Dakota tribal wisdom says that when you're on a dead horse, the best strategy is to dismount. Of course, there are other strategies. You can change riders. You can get a committee to study the dead horse. You can benchmark how other companies ride dead horses. You can declare that it's cheaper to feed a dead horse. You can harness several dead horses together. But after you've tried all these things, you're still going to have to dismount. Gary Hamel horsechangetogether One doesn't have to be a Marxist to be awed by the scale and success of early-20th-cent ury efforts to transform strong-willed human beings into docile employees. Gary Hamel scaleseffortstrong We owe our existence to innovation. Our species exists thanks to four billion years of genetic innovation. Gary Hamel innovationcreativityyears There's a simple, but oft-neglected lesson here: to sustain success, you have to be willing to abandon things that are no longer successful. Gary Hamel lessonssuccessfulsimple The single biggest reason companies fail is they overinvest in what is, as opposed to what might be. Gary Hamel innovationchangemight What's true for churches is true for other institutions: the older and more organized they get, the less adaptable they become. That's why the most resilient things in our world - biological life, stock markets, the Internet - are loosely organized. Gary Hamel internetour-worldchurch We've reached the end of incrementalism. Only those companies that are capable of creating industry revolutions will prosper in the new economy. Gary Hamel creatinginnovationgrowth The opportunities for future growth are everywhere. Seeing the future has nothing to do with speculating about what might happen. Rather, you must understand the revolutionary potential of what is already happening. Gary Hamel growthopportunitymight Management innovation is going to be the most enduring source of competitive advantage. There will be lots of rewards for firms in the vanguard. Gary Hamel rewardsinnovationmanagement Top-down authority structures turn employees into bootlickers, breed pointless struggles for political advantage, and discourage dissent. Gary Hamel top-downpoliticalstruggle You can't build an adaptable organization without adaptable people - and individuals change only when they have to, or when they want to. Gary Hamel changeinspiringinspirational If customer ignorance is a profit centre for you, you're in trouble. Gary Hamel profitignorancetrouble From Gandhi to Mandela, from the American patriot to the Polish shipbuilders, the makers of revolutions have not come from the top. Gary Hamel patriotrevolutionmakers
