Gary Hamel - Competing For The Future Part 2

The Innovation Show

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