With this book, the author brings out the new concept of "nonlinear innovation".
"In a nonlinear world, only nonlinear ideas will create new wealth", he writes. "Radical, nonlinear innovation is the only way to escape the ruthless hypercompetition that has been hammering down margins in industry after industry. Nonlinear innovation requires a company to escape the shackles of precedent and imagine entirely novel solutions to customer needs."
"Whatever you shoot is dead for a while before it starts to stink," Hamel said. "The same goes for same with strategies. How many organization carry this dead thing around with them, unaware of its irrelevancy until it is too late?"
Change itself has changed, Hamel insisted - the pace of it is exponentially faster than it was in the Big Brands era. Motorola missed the shift to wireless technology by only a year, but in so doing lost a strategic war to Nokia.
This book is about 10 fundamental rules that can help companies reach new heights of growth and success:
1) Set unreasonable expectations
2) Stretch your business definition
3) Create a cause, not a business
4) Listen to new voices
5) Design an open market for ideas
6) Offer an open market for capital
7) Open up the market for talent
8) Lower the risks of experimentation
9) Make like a cell - divide and divide
10) Pay your innovators well - really well.
In this book, the author shows excellent awareness on the topic of innovative companies in last few decades. The book has many examples and case studies, which were later used by the other authors of leadership and management literature. For example, the case study "Waking Up IBM: How a Gang of Unlikely Rebels Transformed Big Blue", being the part of the book, and also separately published in HBR, was quoted in the books by Martin Linsky and Ronald A. Heifetz, Anand Sanwal and Gary Crittenden, Peter A. Gloor, Charles Heckscher and Paul Adler, Alain Fayolle, and Wesley B. Truitt, to name a few.
The design of the book is also excellent. It has lots of color photographs, and the layout of the book overall is very innovative.
I highly recommend this book, as well as the author's further publication "The Future of Management".
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