Excerpted from “The Future of Management,” by Gary Hamel with Bill Breen. Look for new excerpts weekly.
Innovation comes in many flavors: operational innovation, product innovation, strategy innovation, and, of course, management innovation. Each genre makes its own contribution to success, but if we were to array these various forms of innovation in a hierarchy, where higher tiers denote higher levels of value creation and competitive defensibility, management innovation would come out on top. Understanding why this is so is an important step in building your company’s commitment to management innovation, so let’s work our way up from the bottom.