Leading the Revolution: Gary Hamel Explores Corporate Innovation and Change

In this episode, we're joined by Gary Hamel, the acclaimed author of 'Leading the Revolution.' Gary delves deep into the essence of corporate innovation and the challenges faced by change-makers within organizations. We discuss how to punch above your weight and capture attention for transformative ideas, the necessity of building coalitions, understanding resistance, and the importance of courage in navigating change. Gary shares profound insights from his book, illuminating how individuals can drive radical change in even the most resistant corporate environments. This conversation is a must-listen for anyone passionate about innovation, strategy, and leading transformative change in business.

Discover how to:

• Challenge outdated business models
• Overcome organizational resistance
• Build grassroots momentum for innovation
• Lead change even when you don’t have formal authority

This is Part 4 of our deep-dive series on Leading the Revolution, where Hamel outlines the practical playbook for driving radical innovation inside established organizations.

Whether you're an intrapreneur, innovation leader, or just tired of business-as-usual, this episode will fuel your fire to lead change from within.

00:00 Introduction and Welcome

00:22 Corporate Rebels and Navigating the Corporate Maze

00:46 The Revolutionary Imperative

00:58 Challenges of Pitching New Ideas

01:35 The Path Less Trodden

02:00 Gary Hamel's Insights on Corporate Innovation

04:04 The Importance of Alignment and Its Pitfalls

07:33 Case Studies of Successful Change Makers

12:31 Building a Point of View and Writing a Manifesto

36:24 Anticipating Resistance and Overcoming Objections

38:47 Navigating Relationship Challenges

39:14 The Four Stages of Denial in Relationships

40:18 Corporate Lessons from Toyota's Success

42:07 The Importance of Confronting Beliefs

44:26 Leadership and Organizational Renewal

46:01 Challenges in Entrepreneurial Companies

49:07 Building Coalitions for Change

01:12:10 The Role of Courage in Leadership

01:16:41 Final Thoughts and Reflections

Find the book here: https://amzn.eu/d/e6vnJSO

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

Find Aidan and the Innovation Show:  https://thethursdaythought.substack.com

We welcome Prof. Andrew Torrance, distinguished Professor of Law at the University of Kansas and visiting scholar at MIT, to discuss the complex legal landscape surrounding user innovation and patents. The conversation delves into the freedom and challenges of product innovation, the balance between open and closed inventions, and the ethical implications of experimental treatments. They also explore the historical and ongoing impact of FDA regulations and the role of patents in fostering or hindering innovation. Sponsored by Wazoku, this episode is essential listening for innovators, legal experts, and anyone interested in the intersection of technology, law, and ethics.

00:00 Introduction and Wazoku Sponsor Message

00:27 Upcoming Reinvention Summit

01:01 Previous Episodes Recap

01:28 Introducing Andrew W. Torrance

02:01 Legal Aspects of Free User Innovation

03:29 Experimenting and Sharing Innovations

09:02 Selling Innovations and Legal Implications

11:07 Influencers and Legal Responsibilities

17:21 Trust in the FDA and Alternative Medicine

24:38 Patient Rights and Experimental Drugs

30:44 Patenting Innovations

38:54 Closing Remarks and Contact Information

39:44 Final Wazoku Sponsor Message

Andrew on SSRN: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=625609

Ted Talk: https://youtu.be/g8GTg_632qY?si=lieqXrcdwUWD1l_l

Andrew's most recent talk on “Innovation Hypercycles: The Rise and Fall of Technology Hotspots”, https://facultyaffairs.ku.edu/distinguished-professors

Welcome back to part three of 'Leading the Revolution' with the legendary Gary Hamel. In this episode of The Innovation Show, Gary and host Aiden dive deep into two key chapters from Gary's books, exploring the principle of learning to be your own seer and the critical distinction between imagination and prediction in innovation. They discuss the importance of psychological safety in fostering creativity within companies and why many organizations fail to imagine the future. Gary shares his insights on developing foresight, the role of contrarianism in innovation, and the necessity of building a foundation of unconventional, differentiated insights for genuine innovation. He also emphasizes the importance of stepping outside the insular corporate environment to seek out underappreciated trends, frustrations customers face, and the deeper, broader questions around societal changes. Packed with practical exercises and real-world examples, this episode offers valuable takeaways for individuals and companies alike aiming to break free from conventional thinking and lead the charge in their industries.

00:00 Introduction and Welcome

00:25 The Importance of Being Your Own Seer

02:23 Imagination and Foresight in Innovation

06:12 The Role of Discontinuities in Innovation

08:11 The Need for Organizational Foresight

09:42 Building a Foundation of New Insights

18:18 Challenges in Allocating Resources for Innovation

25:15 The Importance of Transcendent Themes

29:15 Understanding Deeper Changes in Society

31:24 Impact of Connectivity on Society

32:19 Customer Frustration and Business Opportunities

33:37 Reinventing Education and Knowledge Consumption

34:42 Identifying and Addressing Industry Dogmas

41:20 Empowering Employees for Innovation

46:41 Distinguishing Form from Function in Business

49:07 Encouraging Radical New Possibilities

55:43 Conclusion and Future Topics

In this episode of the Innovation Show, we dive into Chapter 3 of Gary Hamel's influential book, 'Leading the Revolution.' Gary, one of the early proponents of business model generation, discusses the concept of Business Concept Innovation and how it has reshaped industries over the years. We explore examples of companies like Dell and Apple, which have successfully implemented innovative business models, and we delve into the components of business model innovation, including customer interaction, strategies, and value networks. Gary also shares his insights on overcoming organizational inertia, fostering a culture of innovation, and the importance of rethinking conventional business assumptions. This episode is a must-listen for anyone interested in driving innovation within their organization and staying ahead of the curve.

00:00 Introduction to Gary Hamill Series

00:13 Business Concept Innovation

02:44 Examples of Business Model Innovation

04:41 Expanding the Innovation Horizon

05:49 Defining Radical Innovation

08:49 Challenges in Business Model Innovation

17:07 Importance of Deconstructing Assumptions

26:01 Executive Support for Innovation

37:46 Assessing Company Resources for Innovation

38:24 Challenges in Big Companies vs. Startups

38:38 Haier's Approach to Entrepreneurship

40:42 The Importance of Public Policy in Innovation

44:19 The Role of Government in Business Innovation

44:31 Decadence and Complacency in Organizations

46:03 Historical Examples of Efficient Government

50:46 The Need for Courageous Leadership

51:52 Activism and Innovation in Companies

53:27 Building a Resilient Business Model

56:42 Strategic Decisions in Business Models

59:21 The Importance of Customer Contact

01:03:44 First Mover vs. Smart Mover

01:07:44 Competitive Lockout and Choke Points

01:12:14 Preparing for a Rapidly Changing Economy

01:12:44 Continuous Learning and Personal Responsibility

01:14:03 Conclusion and Contact Information

Gary Hamel on Leading the Revolution Part 1

In this episode, renowned business thinker Gary Hamel discusses his book 'Leading the Revolution' with Aidan McCullen, offering an innovative action plan for companies or individuals aiming to stay ahead of the industry. Drawing on successful examples from companies like Charles Schwab, Virgin, GE Capital, and profiling innovators like Ken Kutaragi of Sony PlayStation, Hamel shares how to grow and innovate amidst market chaos. He explores the origin of revolutionary business concepts, key criteria for building activist-friendly and revolutionary-ready companies, the dangers of becoming ‘one vision wonders,’ and harnessing employee imagination. The conversation also reflects on business failures, the cyclical nature of market success, and the essential need for continuous reinvention. Join for invaluable insights on thriving in turbulent times.

00:00 Introduction to Industry Revolutionaries

00:41 Exploring Revolutionary Business Concepts

00:48 Key Criteria for Building Revolutionary Companies

00:55 Avoiding One Vision Wonders

00:59 Harnessing Employee Imagination

01:11 Practical Advice for 21st Century Success

01:23 Welcoming Back a Business Thinker

01:50 Insights from Leading the Revolution

02:37 Honoring Professor Paul Hamel

03:23 Corporate Climate in 2000

03:56 Technological Advancements and Market Shifts

04:43 The Importance of Innovation

05:16 Challenges for Established Companies

06:15 Digital Transformation and Its Pitfalls

06:53 Investment in Technology

09:04 Organizational Orthodoxies

10:42 The Danger of Unchallenged Assumptions

11:19 Examples of Missed Opportunities

15:25 The Future of Retail and Education

17:23 The Importance of Humility in Leadership

18:24 Case Study: Sony's Rise and Challenges

20:44 Leadership and Organizational Dynamics

23:31 Encouraging Innovation from the Periphery

24:32 Case Study: Haier's Entrepreneurial Platform

29:07 Changing the Rules for Success

31:17 Forming Partnerships with Young Companies

32:22 Understanding Innovation Risk

36:31 De-Risking Innovation

37:55 The Importance of Intellectual Commitment

39:17 Challenges of Business Model Innovation

44:37 Strategic Planning vs. Strategy

50:27 The Illusion of Corporate Vitality

59:11 The Need for Innovative Leadership

01:01:13 Conclusion and Next Steps

Find Gary:

https://www.garyhamel.com

https://www.linkedin.com/in/gary-hamel-791b096/

https://x.com/profhamel

In this episode of The Innovation Show, host Aidan McCullen welcomes back esteemed guest Gary Hamel, celebrated business strategist and co-author of the revolutionary article on core competencies. They dive deep into the concept of competence-based competition, discussing the origins, importance, and modern applications of core competencies. Gary shares insights from his extensive work alongside CK Prahalad and reflects on how their ideas shaped corporate strategy. Using historical and contemporary examples, including Tesla and HAIER, they explore how focusing on deep skills can lead to enduring competitive advantages. This episode is a must-listen for anyone interested in innovation, strategy, and the future of business in a rapidly evolving world.

00:00 Introduction and Welcome

00:23 The Concept of Competence-Based Competition

01:24 Historical Context and Development

02:26 Core Competence and Strategic Implications

05:03 Challenges and Misinterpretations

13:37 Modern Examples and Applications

28:23 Strategic Conversations and Future Focus

35:12 The Danger of Viewing Companies as Product Sets

35:33 Intel vs. TSMC: A Strategic Misstep

37:56 Bounded Innovation and Core Competencies

38:49 Uber's Broader Vision Beyond Ride-Hailing

42:23 Amazon's Evolution from Online Retailer to Logistics Giant

43:21 US Car Makers' Myopia and Missed Opportunities

44:24 Historical Examples: Honda and Sony

47:01 Tesla: An Energy Company, Not Just a Car Maker

48:08 Microsoft's Myopic View and Missed Opportunities

56:00 The Importance of Organizational Flexibility

01:02:26 Encouraging Internal Innovation

01:08:42 Conclusion and Next Steps

Pedro Oliveira: User Innovation in Healthcare

Welcome to a new series inspired by Eric Von Hippel, and sponsored by Wazoku. In today's episode, we are joined by Professor Pedro Oliveira, founder and president of Patient Innovation, to explore the role of patients and caregivers in developing new medical products and services. Discover remarkable stories of user-generated medical innovations, such as Tal Golesworthy's life-saving aortic support and Louis Plante's innovative lung-clearing device. Learn how Patient Innovation is helping to bring these solutions to market through a multi-sided platform that connects patient innovators with industry. Find out more about this transformative approach to healthcare innovation and the positive impact it has had on countless lives.

00:00 Introduction to the Series and Sponsor

00:29 Focus on User Innovation in Healthcare

00:53 Interview with Professor Pedro Oliveira

01:20 Eric von Hippel's Influence on User Innovation

03:55 Patient Innovator Stories: Tal Golesworthy

05:17 Patient Innovator Stories: Louis Plante

12:35 Patient Innovator Stories: Hans and Be My Eyes

19:06 The Multi-Sided Platform for Patient Innovation

25:35 Encouraging More Patient Innovations

27:26 Conclusion and Sponsor Message

Find Pedro  https://patient-innovation.com/who

Find Wazoku: www.Wazoku.com

User Innovation, Healthcare Innovation, Patient-Driven Innovation, Medical Breakthroughs, Pedro Oliveira, Eric von Hippel, Tal Golesworthy, ExoVasc, Louis Plante, Flutter Device, Hans Be My Eyes, Be My Eyes, Multi-Sided Platforms, Patient Entrepreneurship, Medical Devices, Assistive Technology, Digital Health, Open Innovation, Future of Medicine, Patient Advocacy, Caregiver Innovation

The Future of Foresight & Innovation: Insights with Gary Hamel | The Innovation Show

In this episode, we have the pleasure of welcoming back Gary Hamel, a leading expert in business strategy and management. Host Aidan McCullen and Gary Hamel dive deep into the concept of foresight, stressing the importance of understanding broad themes and emerging trends to guide companies toward future opportunities. They discuss companies' common blind spots and failures in anticipating the future, as well as ways to leverage resources effectively. Gary shares insights on the necessity of innovation at all levels of an organization, the perils of becoming too attached to current successes, and how organizations can think more creatively about emerging technologies. They also cover historical examples from companies like IBM, Kodak, and 3M to illustrate key lessons in foresight and innovation.

00:00 Introduction and Welcome

00:20 The Importance of Foresight

02:19 Recognizing Emerging Trends

04:30 Challenges of Organizational Change

09:13 Cultural Perspectives on Innovation

14:31 Historical Examples of Foresight Failures

30:58 Innovation in Cost Structures

34:34 The Urgency of Innovation in Healthcare

35:10 The Need for Builders in Leadership

35:55 Resource Leverage: Doing More with Less

36:55 Learning from Guerrilla Warfare and 9/11

39:06 Speed to Market: Lessons from Japanese Companies

40:24 The Importance of Rapid Iteration

44:00 Building Consensus and Leveraging Employee Insights

47:47 The Role of Strategic Focus in Innovation

53:30 Learning from Kodak and 3M

57:48 Metaphors and Organizational Change

01:07:12 Predicting the Future: The Smartphone and Cloud Computing

01:10:04 Final Thoughts and Contact Information

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

To Ian Morrison, Rest in Peace.

In this inaugural episode of 'Innovation Show X,' host Aidan McCullen is joined by renowned guests Ian Morrison and Paul Nunes to discuss navigating the complex landscape of innovation. They explore key concepts from their influential books, 'The Second Curve' and 'Jumping the S-Curve,' providing insights into managing transitions in business, the challenges of risk and asset allocation, and how companies can sustain high performance over time. 

The episode also pays tribute to the late Ian Morrison for his contributions to thought leadership and innovation. 

Tune in to learn about the profound changes in industries like healthcare and technology and the essential balance between legacy systems and new ventures.

00:00 Sad News and Dedication to Ian Morrison

01:27 Introduction to Innovation Show X

01:52 Ian Morrison's Second Curve

04:17 Paul Nunez on Jumping the S Curve

06:38 Discussion on Technology and Market Changes

21:46 Healthcare and Digital Disruption

33:59 Challenges in Innovation and Risk Management

40:15 The Phoenix Metaphor and Organizational Change

53:39 Conclusion and Reflections