The Future Of Management - Gary Hamel

Following are the takeaways from Gary Hamel's book titled "The Future of Management"

1. Management innovation is defined as anything that substantially alters the way in which the work of management is carried out, or significantly modifies customary organizational forms, and, by so doing, advances organizational goals. 
2. Management innovation yield a competitive advantage when the innovation is based on a novel management principle, the innovation is systemic, and the innovation is part of an ongoing program of rapid-fire invention where progress compounds over time. 
3. The innovation stack is made up of 4 stages: Operational innovation, Product/service innovation, Strategic innovation, and Management innovation.  The advantage from each one of these stages increase from the former to the later.
4. The 3 challenges that companies face in this new century are: 1. Building a company that is nimble, 2. Making innovation everyone’s job, and 3. Creating a highly engaging work environment that inspires employees to give their very best.  “One person with passion is better than forty people merely interested.”
5. Lessons for management innovators: 1. Principles matter, 2. The biggest obstacle to management innovation may be what you already believe about management, 3. Inspired management innovation can help to resolve intractable trade-offs, 4. Management innovation often redistributes power, 5. In the short run, the costs of management innovation may be more visible than the benefits, 6. Don’t be timid, 7. The internet itself may be the best metaphor for 21^stcentury management, 8. Experienced managers may not make the best management innovators, 9. Management innovations that humanize work are irresistible. 
6. Systematically deconstruct the management orthodoxies that blind you to new possibilities.  Keep digging deeper. Ask the right questions. 
7. New principles of management: 1. Experimentation beats planning, 2. Markets are more dynamic than hierarchies, 3.Leadership is distributed, 4.The mission matters, 5. Diversity beget creativity. 
8. The goal of management is to first amplify and then aggregate human effort – to get more out of individuals than one might expect by providing them with the appropriate tools, incentives, and working conditions, and to then compound those efforts in ways that allow human beings to achieve together what they cannot achieve individually.