Voices » HBR Voices » Gary Hamel » Management Innovation Defined
12:49 PM Wednesday October 3, 2007
Excerpted from "The Future of Management," by Gary Hamel with Bill Breen. Look for new excerpts weekly.
For our purposes, management innovation is anything that substantially alters the way in which the work of management is carried out, or significantly modifies customary organizational forms, and, by so doing, advances organizational goals. Put simply, management innovation changes the way managers do what they do, and does so in a way that enhances organizational performance.
So what is it that managers do?
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Gary Hamel is Visiting Professor of Strategic and International Management at the London Business School; cofounder of Strategos, an international consulting company; and director of the Management Innovation Lab. He is the author of Leading the Revolution and coauthor of Competing for the Future, two landmark books that have appeared on every management best seller list. He has also written numerous articles for Harvard Business Review, the Wall Street Journal, the Financial Times, and many other business publications. Hamel lives in Northern California. For more, you can also visit garyhamel.com.
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Comments
The Innovation is the need of the hour in view of continuous change taking place all around. It can be an innovation of a product or process or business practice. But the Innovation cannot be achieved by theory. People have to break the inertia, give respect to the Innovative ideas and be prepared to take risks within reasonable limits after providing resources. On the part of all concerned there is a need for the indepth knowledge on the subject one is dealing, either with himself, or knowing where it is available.
- Posted by P.L.Narasimhan
October 6, 2007 12:30 PM