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Sales rank 13,398
Customers rating (based on 44 reviews)
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What fuels long-term business success? Not operational excellence, technology breakthroughs, or new business models, but management innovation - new ways of mobilizing talent, allocating resources, and formulating strategies. Through history, management innovation has enabled companies to cross new performance thresholds and build enduring advantages. In "The Future of Management", Gary Hamel argues that organizations need management innovation now more than ever. Why? The management paradigm of the last century - centred on control and efficiency - no longer suffices in a world where adaptability and creativity drive business success. To thrive in the future, companies must reinvent management.Hamel explains how to turn your company into a serial management innovator, revealing: the make-or-break challenges that will determine competitive success in an age of relentless, head-snapping change; the toxic effects of traditional management beliefs; the unconventional management practices generating breakthrough results in 'modern management pioneers'; the radical principles that will need to become part of every company's 'management DNA'; and, the steps your company can take now to build your 'management advantage'. Practical and profound, "The Future of Management" features examples from Google, W.L. Gore, Whole Foods, IBM, Samsung, Best Buy, and other blue-ribbon management innovators.
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| Publisher | Harvard Business School Press | | Release date | 10/2007 | | Availability | Usually ships in 24 hours | | Edition | Hardcover |
| | List price | $26.95 | | Our price | $20.97 (you save 22.19%) | | Used price | from $7.99 |
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 Insights on possible management revolution
Gary Hamel's "Future of Management" suggests that the 20th century management styles have come to an end and a different management paradigm is to be expected in the 21th century. He demonstrates several problems that will need to be solved in the 21th century, uses several case studies and gives ideas on how we might expect management to change. The book is an insightful and thought provoking book which tries to challenge deep management assumptions.
The book consists of four parts. In the first part (two chapters) Hamel demonstrates that management styles in the world have been the same for the last 50 years, there hasn't been major management innovations. He states that the potential benefits of management innovation are much larger than strategic or operational innovation and that therefore... this is important.
The second part covers three case studies of management innovation. The first case study is Whole Foods Market which is strongly team-based and locally management. The second case study is WL Gore which where there are no managers, only leaders elected by followers and the last case study is google with its focus on innovation and small teams.
The third part sets the agenda for creating management innovation. Management innovation contains three ingredients. First, a structured method for challenging current management assumptions and brainstorming alternatives. Second, new principles need to be adopted as the old principles behind management (such as command, control, hierarchy, standardization) do not work anymore in the 21th century. Last, current management alternatives need to be studies (such as the earlier case studies) to learn what they did different, how, and if that can also work in your company.
The last part of the "change chapter" of how can you bring this to your organization. First Hamel introduces two different case studies of small management innovation (which were not very convincing) and tries to extract lessons that you can use in your journey to become a management innovator. The final chapter, Hamel speculates that management 2.0 will be like web 2.0... a social web of relationships. He closes the book with stating that he doesn't know how management will change... but it will change in the next 20 years.
I found the future of management an insightful book. It tries to ask questions and give examples rather than give you the answers to how to manage your company. It is well written, very relevant, concrete and yet also highly conceptual. It is definitively recommended for managers who want to make their companies a better place to work.
A favorite- encapsulates stories, trends, and theory on future.
One of my new favorite books! Gary encapsulates many of the questions, trends, and cases that represent the future of management. The book is well written and easy to read and gets the mind racing with ideas of how to approach innovation, management, and business in a new and appropriate way based on advancements in technology, organizational needs, and a changing business and talent landscape. I highly recommend this book.
 Thought provoking, but handle with care
"Management 2.0 is going to look a lot like Web 2.0," according to Gary Hamel in this book. I read the book because Hamel was a highly-touted speaker at the 2009 Global Leadership Summit and, as the cover of the book says, he is "ranked #1 influential business thinker by the Wall Street Journal".
In order to thrive into the future, Hamel says, companies need to accelerate the pace of strategic renewal, make innovation everyone's job, and create a highly engaging work environment. He then refers to three model organisations: Whole Foods Market, where employees are organised into autonomous work groups which make the key operating decisions affecting themselves; W L Gore & Associates, where employees negotiate their job assignments with their peers; and Google, which has a highly consultative management style and gives employees "20 percent time" to experiment with new ideas.
Hamel then goes on to challenge the principles of modern management, such as standardisation, specialisation, goal alignment, hierarchy, planning and control, and extrinsic rewards. He says that experimentation beats planning, strategic efficiency requires a resource allocation process based on market principles, and democracies outperform other styles of governance.
In my opinion, Hamel correctly identifies many of the problems of poorly run organisations, but his proposed solutions are far too impractical to be useful to most organisations. He proceeds on the assumption that there have been almost no advances in management techniques over the past century. His Wall Street Journal Blog post of 21 October 2009 says that he is too busy to read business books, and this may explain his lack of awareness. Hamel's book is worth reading to provoke your thinking, but uncritical acceptance of his solutions is likely to lead to disaster.
What is your organization's evolvability? Management 2.0?
I read the Future of Management twice and found it to be an excellent read for management practitioners looking to evolve established organizations in established industries - how not to become extinct in the face of new economy, new challenges, and new generation of workforce.
Hamel incites thoughts on a future proof organization excelling at evolving not only the operations, product, and strategy, but also at evolving the management - management innovations as a sustained competitive edge.
Hamel imparted just enough methodology to start readers on the management innovation journey. He articulated a future proof management philosophy and paradigm that Whole Foods, WL Gore, and Google pioneered. It can be done; it can lead to incredible financial successes; and it is sticky.
The book includes copious salient points for strengthening organizations' innovation engine and getting the best out of the people. Hamel observed that people in Google seem to understand that tomorrow's profitability depends on today's evolvability. I found myself asking the question "how evolvable is my organization?" Shouldn't you too? Is your management paradigm evolving toward Management 2.0 and using enterprise social network tools? Is it getting the best out of the people?
If you are not the management type, you should read this book. It will help you to see if your organization's management is doing things that will increase organization's odds to survive and thrive in 21st century.
 Maybe a good book but a poor audio book in my opinion
Maybe a good book but a poor audio book in my opinion.
Maybe there is a lot of good information in this book that needs to be contemplated. If that is correct the audiobook won't give you the opportunity to do so. It is read so fast that you won't be able to differentiate ideas. It becomes so annoying after a while. It's just a voice there. If I'm driving I don't want to keep my finger in the rewind button. I don't want to listen to a fast audiobook twice either. But, again, it is my opinion. If you can handle important information at a fast pace go for it.
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