Gary Hamel Part 1: Competing for the Future 1

In this episode of the Innovation Show, renowned management thinker Gary Hamel discusses his extensive work in the field of organizational transformation and innovation. Reflecting on his early experiences at the University of Michigan and the London Business School, Hamel shares insights into the impact of foreign competition on American businesses in the late 1970s, and the critical importance of foresight and humility for executives. He delves into his consulting work with companies like Nokia and Apple, emphasizing the need for open strategy, diversity of thought, and the constant reinvention of competencies. Hamel also offers practical advice for leaders on avoiding the pitfalls of complacency and short-term thinking, urging them to build organizations that can thrive and innovate in a rapidly changing world.

00:00 Introduction and Welcome

00:43 Early Career and Influences

02:38 Teaching at London Business School

04:50 Consulting and Industry Experience

07:27 Collaboration with CK Prahalad

08:23 Lessons from Global Competition

22:10 Nokia's Rise and Fall

37:22 Innovative Leadership Through Video Messaging

37:42 Predicting the Future: Challenges and Insights

39:12 The Rise of Streaming and the Fall of Broadcast TV

40:39 Executive Resistance to Change

42:05 The Importance of Forgetting and Unlearning

43:49 Youthful Perspectives in Strategy Meetings

44:32 The Downfall of Nokia: Lessons in Innovation

47:06 Apple's Commitment to Silicon Mastery

48:44 Building Competencies for Future Success

53:28 The Persistence of Corporate Failings

01:04:54 The Role of Leadership in Innovation

01:10:15 Conclusion and Call to Action

Find Gary: https://www.garyhamel.com