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Gary Hamel on Irrelevancy, Innovation, and Getting Silicon Valley Consciousness to Permeate your Organization

Overview

In this interview, Gary Hamel contends that innovation is a higher priority than efficiency.  He claims that managers spend far more time on such activities as restructuring, mergers, enterprise resource planning, and reengineering than they spend on innovative ways to generate wealth.  Hamel argues for a more open and creative environment where innovations can come from any level of the organization.  In his view, to avoid irrelevancy, large, established firms must take on the “ethos” of a Silicon Valley startup – driven by passion and innovation.  Hamel defends his thesis that competition no longer between products, but between business models, with reference to several companies with which he has worked.
(6 pages)

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