e

FUTURE OF
MANAGEMENT
A NEW ROUTE MAP FOR 21ST CENTURY MANAGERS
 BACKGROUND
The Future of Management

Harvard
Business
School Total pages
Publishing. 233 pages
Year of Theme of the
Author
publication Book
Publisher No. of Pages

October Embracing
Gary Hamel
2007 management
with innovation to thrive in
Bill Breans a rapidly changing
business landscape.
 GARY HAMEL BILL BREANS
• Gary Hamel is a management expert, author, and professor. • Bill Breen is an author and former editor at Fast
• He is a leading advocate of management innovation and has been Company magazine.
described as one of the world's most influential business thinkers. • He has written extensively on business, innovation, and
• Hamel has authored several influential books on management and
leadership for various publications.
strategy, including "Competing for the Future," "Leading the
Revolution," and "The Future of Management." • Breen co-authored "The Future of Management" with
• He is a founder of Strategos, an international management consulting Gary Hamel, contributing to the book's research,
firm based in Chicago & professor of Strategic Management at London analysis, and writing.
Business School
PREFACE
Introduction to Management Innovation:
• Setting the stage for reimagining traditional management practices.
• Highlighting the need for innovative approaches in a rapidly evolving
business landscape.

Challenges in Contemporary Management:

• Addressing the limitations of conventional management strategies.
• Identifying the obstacles hindering organizational adaptability and growth.

The Call for Transformation:

• Advocating for a shift towards more agile and creative management paradigms.
• Emphasizing the importance of embracing change to stay competitive.

Empowering Employees for Success:

• Examining the significance of employee empowerment in fostering innovation.
• Demonstrating how engaged and motivated employees contribute to
organizational success.
NEED FOR FUTURE
MANAGEMENT INNOVATION
Accelerating Strategic Renewal:
• Rapid strategic adaptation is critical to respond to market, tech, and consumer
changes.
• Agility in decision-making ensures competitiveness in a fast-evolving business
environment.
Making Innovation Everyone's Job:
• Empower all employees for innovation.
• Foster creativity and collaboration culture in workforce to drive continous innovation

Cultivating a Culture of Continuous Learning:

• Cultivate a culture of continuous learning and development for future management success.
• Prioritize ongoing skill enhancement and innovation for sustainable growth.

Anticipating Future Challenges:

• Proactive identification of future challenges is vital for effective management.
• Strategic positioning through anticipation of emerging trends and disruptions.
 Adaptability
• Embracing management innovation enhances organizational adaptability

Innovation
• Management innovation fuels organizational innovation and creativity

Engagement
• Embracing management innovation enhances organizational adaptability
Importance
of management Enhanced Problem-Solving

innovation • Management innovation increases employee engagement and satisfaction

Employee Development

• Innovative management practices encourage a diverse range of perspectives and ideas

 CHALLENGES AND RESISTANCE TO
MANAGEMENT INNOVATION

Organizational Culture Change Fatigue

• Resistance from entrenched • Fatigue from frequent
culture. changes without results.
• Align new practices with • Address with clear
existing norms. communication, realistic
expectations, and showcasing
Lack of Leadership Support benefits.
&Employee Resistance
⚬ Senior leaders not backing Siloed Mindset
innovation.
⚬ Need for leadership buy-in • Departmental silos and lack
Resource Constraints &Risk of collaboration.
and change strategies.
⚬ Fear of change and job Aversion • Break down silos, promote
security concerns. ⚬ Limited resources and budget constraints.
collaboration, and
⚬ Engage employees early, ⚬ Prioritize investments, reallocate resources, and show ROI.
encourage knowledge
provide training, and ⚬ Fear of failure and maintaining status quo.
⚬ Foster experimentation, learn from failures, and celebrate sharing.
communicate benefits.
successes.
 Communication Channels Organizational Structure

THE ROLE OF
Status and Recognition Command and Control
POWER AND
TITLES IN
TRADITIONAL
MANAGEMENT
Hierarchical Structure Power Dynamics

Decision-Making
 EXAMPLES OF SUCCESSFUL
MANAGEMENT INNOVATIONS

Procter & Gamble's Open

InnoCentive's
DuPont's Capital Budgeting Innovation Strategy
Crowdsourcing
Techniques
Platform

2 4 6

1 3 5

General Electric's Industrial

Research Laboratory Toyota's Lean Visa's Network-
Production Based Business
System Model
 • Short-term costs of innovation may outweigh visible
OVERCOMING SHORT- benefits initially

TERM COSTS FOR • Consistently besting enemies despite deficits

LONG-TERM BENEFITS • Radical management innovation challenges traditional

structures

Embracing management innovation empowers organizations to navigate short-term challenges

for long-term success.
CHARACTERISTICS OF EFFECTIVE MANAGEMENT INNOVATORS

01 02 03
Management innovation Innovation is always a Management innovation has a
almost always delegates numbers game: the more of unique capacity to create a
power downward and it you do, the better your long-term advantage for your
outward chances of reaping a fat company
payoff

Effective management innovators embrace continuous innovation, empower employees, and recognize the long-term
advantages of reinventing management practices
 TRENDS AND OPPORTUNITIES
Challenges in the
01 New Century

Community of
Management 06 02 Purpose
Innovation

Leadership in
Management Innovation 05 03
Innovation
Democracy

Management Model 04
Reinvention

These trends and opportunities highlight the significance of ongoing innovation in management practices to remain relevant, competitive, and successful in
the changing business landscape. This stresses the importance of organizations adopting change and innovation to prosper in the contemporary business
environment.
 KEY OBSERVATIONS WITH EXAMPLE

1. Embracing Management
2. Decentralization and
3. Continuous Management
Innovation for Competitive Empowerment Drive Innovation Innovation for Sustainable
Advantage Success

Learnings: Companies that prioritize Learnings: Decentralized decision- Learnings: Continuous management
management innovation often gain a making and empowerment foster innovation is essential for sustained
significant competitive advantage. innovation and adaptability. success and competitive advantage.

Example: Tata Consultancy Services Example: Flipkart, drives innovation Example: Hindustan Unilever Limited
(TCS), gains competitive edge through through decentralization, empowering (HUL) employs continuous management
agile practices, robust R&D, global various teams for autonomous decision- innovation in by prioritizing R&D for
delivery model, and customer- making. This enables Flipkart to consumer-driven products and
centricity, sustaining leadership in the maintain its leadership position in the implementing efficient supply chain
technology sector with innovative dynamic market. practices.
strategies.
 KEY OBSERVATIONS WITH EXAMPLE

Community-Centric Approach
4. Transparency and Trust Enhance 5.
Employee Engagement for Human-Centered
Organizations

Learnings: Transparency and trust in Learnings: Organizations need to adopt a

organizations lead to higher levels of community-centric approach to unleash
employee engagement. human potential and creativity.

Example: Aravind Eye Care System, an

Example: Tata Group, through its open
Indian company, utilizes a community-
communication channels and ethical
centric approach by providing
business practices, fosters transparency
accessible, affordable, and high-quality
and trust, enhancing employee
eye care services to underserved rural
engagement and satisfaction.
populations through innovative models
of care and cross-subsidization.
 CASE STUDIES
Google: Rite-solutions
Problem Face:
Google had to keep up with fast changes in the tech Problem Face:
industry. They had to change how they do business to deal The challenge for Rite-Solutions was to keep its
with shifts in the market, new technology, and what users creative and innovative culture alive as it grew. With
want. They needed to keep coming up with new ideas to 150 employees and over $20 million in annual
grow and stay ahead in a fast-paced world. revenue, founders Lavoie and Marino aimed to
sustain a culture of creativity, innovation, and
Aimed the aim of Google was to drive innovation, and collaboration despite the company's expansion.
maintain a culture of adaptability and experimentation
within the organization. Aimed:
Rite-Solutions wanted to keep its workplace lively
Solutions and full of fresh ideas as it got bigger.
• Expansive Business Definition: Google expanded its
business beyond just ads to try big new ideas. Solutions
• Formula for Innovation (70-20-10): Split resources: • Mutual Fun Innovation Marketplace: Inspired by
70% for improving the main stuff, 20% for adding new a stock market, it engaged employees in
things, and 10% for trying out wild ideas. generating and investing in ideas.
• Management Model: Google's management style was • Inclusive and Empowering Platform: Any
flat and open, like how the internet works, to help employee could participate by launching an IPO
everyone share ideas easily. for their idea, attracting investors within the
• Culture of Innovation and Experimentation: Google company.
encouraged its people to try new stuff, take chances, • Market-Based Innovation Process: Encouraged
and solve problems in creative ways to keep getting creativity, experimentation, and collaboration by
better. facilitating idea exchange and resource allocation
 CASE STUDIES
Best Buy: IBM
Problem Face:
• Unconventional Practices: Overcoming resistance to Problem Face:
implement bold approaches. • Adapting to Change: Navigating evolving
• Cultural Transformation: Shifting towards a culture of technology landscapes and market shifts.
experimentation and adaptability. • Fostering Innovation: Cultivating creativity for
• Employee Engagement: Actively involving employees new ideas, products, and solutions.
in testing new ideas. • Empowering Employees: Providing autonomy and
• Leadership Support: Garnering executive backing for resources for contribution.
innovation initiatives. • Encouraging Experimentation: Promoting a
culture of risk-taking and exploration.
Aimed to foster innovation and competitiveness through
unconventional practices. Executives like Brad Anderson Aimed: inovate its management practices to adapt to
and Shari Ballard spearheaded these initiatives, aiming to the changing business landscape, foster creativity,
break from traditional norms and enhance employee
empower employees, and encourage experimentation.
engagement and performance.

Solutions
Solutions
• Innovation Jam: Online platform for
• Culture of Experimentation: Encouraging employees to
brainstorming on various topics.
test new ideas for innovation.
• Unconventional Practices: Embracing bold management
• Diversity of Viewpoints: Inviting a wide range of
approaches to foster innovation. participants for enriched perspectives.
• Executive Support: Engaging leaders like Brad • Open Collaboration: Leveraging external insights
Anderson and Shari Ballard to drive change. alongside internal knowledge.
• Idea Testing Platform: Offering a real-world laboratory • Experimentation and Exploration: Encouraging
for management innovation. innovative solutions through collaboration.
 KEY CHAPTERS AND LEARNINGS
CHAPTERS
LEARNINGS

THE NECESSITY OF MANAGEMENT Essential to revamp outdated practices for modern

INNOVATION competitiveness.

ULTIMATE ADVANTAGE OF Creates long-term benefits and empowers

MANAGEMENT INNOVATION employees.

Understanding context is crucial for successful

MANAGEMENT INNOVATION IN CONTEXT
innovation.

Agility and proactive adaptation prevent future

BUILDING A INNOVATION DEMOCRACY
restructuring.

CHARACTERISTICS OF EFFECTIVE Prioritize continuous innovation and empower

INNOVATORS employees for sustained success.
CONCLUSION: EMBRACING MANAGEMENT INNOVATION FOR
ORGANIZATIONAL SUCCESS
Management innovation is crucial for
Necessity of Innovation organizational success in today's rapidly
changing business landscape.

Cultivate a commitment to reinventing Commitment to Change

management practices and empowering
employees to drive positive change.

Shift towards a more agile management model to

Agility and Adaptability enable spontaneous renewal and continuous
innovation.

Embracing management innovation helps attract

and retain top talent by offering a dynamic and
forward-thinking work environment.
Attracting Top Talent

Through management innovation, organizations can

Thriving in Uncertainty not only survive but thrive in the face of uncertainty
and disruption.
THANK YOU!!
IN THE FUTURE TECHNOLOGY IS DEVELOPING VERY FAST
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