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Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term cust… - Gary Hamel
" "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.
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About Gary Hamel
Gary P. Hamel (born 1954) is an American management expert and a founder of Strategos, an international management consulting firm based in Chicago. He is co-author of "Core Competence of the Corporation" with C. K. Prahalad.
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Only after Southwest Airlines became the most profitable airline in America did United and American challenge their long-held assumptions about how to compete. At worst, laggards follow the path of greatest familiarity. Challengers, on the other hand, follow the path of greatest opportunity, wherever it leads.
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New business concepts are always, always the product of lucky foresight... 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.
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