Gary Hamel Quotes

To gain the competitive edge, companies must master the ability to innovate.

Whatever business you're in - it doesn't matter - it's going to commoditize over time. It's going to devalue. You've got to keep moving it to a higher value.

If you put on your business hat, you can't maintain competitiveness by staying at a competitive disadvantage. I mean, you just can't. The odds are just not in your favor.

If you're doing business, not that simple to only buy. You have to create something. You have to create something that never exist for the future.

I think we operate in a very dynamic marketplace, and as such, we need to constantly innovate.

Innovation is critical to the heartbeat of any successful corporation in the industrialized world.

Whether in services or in manufacturing, the trick is to stay ahead of the curve. I believe we should not wait to be disrupted - we should become disruptors ourselves.

One of the things that slightly annoys me in business is that we use words like innovation. Young people often think innovation is about doing something new, but actually it's not. It's about doing something better than your competition.

Your innovation can create new winners and losers; or at the very least, make existing companies look fresh and innovative by partnering with you. Everyone wants to align with market makers.

There is the opportunity to do more and better if you're smaller and more nimble.

Companies that build scale for the benefit of their customers and shareholders more often succeed over time.

Every day were saying, 'How can we keep this customer happy?' How can we get ahead in innovation by doing this, because if we don't, somebody else will.

The company that consistently makes and implements decisions rapidly gains a tremendous, often decisive, competitive advantage.

I think that business book reporting, it's all Jim Collins, it's the story of victory; it's success bias over and over again.

The most essential thing for us was to get the business model right, then put the world-class technology under it to support it. At Merrill, that meant not doing what people expected.

A company doesn't have to compete with Amazon. A company can instead innovate in sectors Amazon doesn't presently care about.

Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.

I think if companies start reinventing themselves and focus on the customer experience more, they will win out in the end.

Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.

Most of what we've done at SurveyMonkey is create a market, which I would say is much harder than trying to enter a market that already exists. But if you get it right, it can become a great business.

We, we - as I say, we go in and shake up other industries and I think, you know, we do it differently and I think that industries are not quite the same as a result of Virgin attacking the market.

The essential element of successful strategy is that it derives its success from the differences between competitors with a consequent difference in their behavior.

I don't know that I can give a definitive answer to that, I can only say that if we create the right climate those who are producing those products will have the opportunity to move into a higher value product if changes are needed if we get this right.

The successful man is the one who finds out what is the matter with his business before his competitors do.

You have to be willing to risk things; otherwise, somebody else will put you out of business.