In this episode of the Innovation Show, Aiden is joined once again by renowned business thinker Gary Hamel. Together, they delve into the transformative insights from Gary's book 'Leading the Revolution.' The discussion explores how deeply embedded principles of innovation and renewal can help companies navigate and flourish in turbulent industries. Case studies from industry giants like Cemex, UPS, and Charles Schwab illustrate how these companies have reinvented themselves by fostering organizational activism, customer-centricity, and rapid experimentation. Whether you are a leader looking to future-proof your organization or an innovation enthusiast, this episode offers valuable takeaways on institutionalizing change and sustaining growth. 00:00 Introduction and Welcome 00:24 Discussing the Book's Relevance 01:01 Gray-Haired Revolutionaries 02:14 Institutionalizing Activism 02:38 Case Studies: Charles Schwab, UPS, and Cemex 03:12 Challenges in Sustaining Growth 06:35 Reinvention and Resilience 12:33 UPS: From Trucking to Technology 22:29 Charles Schwab: Bricks and Clicks 35:04 Customer Sensitivity in Pricing Strategies 35:42 Southwest Airlines' Unique Approach 37:17 Innovating in Media: A Personal Story 38:38 Pro-Consumer Decisions in Companies 40:06 The Importance of Understanding Value 40:24 Apple's Retail Strategy 44:12 Promoting Innovation at Charles Schwab 48:09 The Numbers Game of Innovation 51:57 Cemex: Innovating in the Cement Industry 01:07:27 Conclusion and Final Thoughts
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Gary Hamel - Leading The Revolution Part 4
Leading the Revolution: Gary Hamel Explores Corporate Innovation and Change In this episode, we're joined by Gary Hamel, the acclaimed author of 'Leading the Revolution.' Gary delves deep into the essence of corporate innovation and the challenges faced by change-makers within organizations. We discuss how to punch above your weight and capture attention for transformative ideas, the necessity of building coalitions, understanding resistance, and the importance of courage in navigating change. Gary shares profound insights from his book, illuminating how individuals can drive radical change in even the most resistant corporate environments. This conversation is a must-listen for anyone passionate about innovation, strategy, and leading transformative change in business. Discover how to: Challenge outdated business models Overcome organizational resistance Build grassroots momentum for innovation Lead change even when you don’t have formal authority This is Part 4 of our deep-dive series on Leading the Revolution, where Hamel outlines the practical playbook for driving radical innovation inside established organizations. Whether you're an intrapreneur, innovation leader, or just tired of business-as-usual, this episode will fuel your fire to lead change from within. 00:00 Introduction and Welcome 00:22 Corporate Rebels and Navigating the Corporate Maze 00:46 The Revolutionary Imperative 00:58 Challenges of Pitching New Ideas 01:35 The Path Less Trodden 02:00 Gary Hamel's Insights on Corporate Innovation 04:04 The Importance of Alignment and Its Pitfalls 07:33 Case Studies of Successful Change Makers 12:31 Building a Point of View and Writing a Manifesto 36:24 Anticipating Resistance and Overcoming Objections 38:47 Navigating Relationship Challenges 39:14 The Four Stages of Denial in Relationships 40:18 Corporate Lessons from Toyota's Success 42:07 The Importance of Confronting Beliefs 44:26 Leadership and Organizational Renewal 46:01 Challenges in Entrepreneurial Companies 49:07 Building Coalitions for Change 01:12:10 The Role of Courage in Leadership 01:16:41 Final Thoughts and Reflections Find the book here: https://amzn.eu/d/e6vnJSO Find Gary here: https://www.garyhamel.com Find Aidan and the Innovation Show: https://thethursdaythought.substack.com
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The Legal Boundaries of User Innovation and Patents with Prof. Andrew Torrance
We welcome Prof. Andrew Torrance, distinguished Professor of Law at the University of Kansas and visiting scholar at MIT, to discuss the complex legal landscape surrounding user innovation and patents. The conversation delves into the freedom and challenges of product innovation, the balance between open and closed inventions, and the ethical implications of experimental treatments. They also explore the historical and ongoing impact of FDA regulations and the role of patents in fostering or hindering innovation. Sponsored by Wazoku, this episode is essential listening for innovators, legal experts, and anyone interested in the intersection of technology, law, and ethics. 00:00 Introduction and Wazoku Sponsor Message 00:27 Upcoming Reinvention Summit 01:01 Previous Episodes Recap 01:28 Introducing Andrew W. Torrance 02:01 Legal Aspects of Free User Innovation 03:29 Experimenting and Sharing Innovations 09:02 Selling Innovations and Legal Implications 11:07 Influencers and Legal Responsibilities 17:21 Trust in the FDA and Alternative Medicine 24:38 Patient Rights and Experimental Drugs 30:44 Patenting Innovations 38:54 Closing Remarks and Contact Information 39:44 Final Wazoku Sponsor Message Andrew on SSRN: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=625609 Ted Talk: https://youtu.be/g8GTg_632qY?si=lieqXrcdwUWD1l_l Andrew's most recent talk on “Innovation Hypercycles: The Rise and Fall of Technology Hotspots”, https://facultyaffairs.ku.edu/distinguished-professors
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Gary Hamel - Leading the Revolution Part 3 Be Your Own Seer
Welcome back to part three of 'Leading the Revolution' with the legendary Gary Hamel. In this episode of The Innovation Show, Gary and host Aiden dive deep into two key chapters from Gary's books, exploring the principle of learning to be your own seer and the critical distinction between imagination and prediction in innovation. They discuss the importance of psychological safety in fostering creativity within companies and why many organizations fail to imagine the future. Gary shares his insights on developing foresight, the role of contrarianism in innovation, and the necessity of building a foundation of unconventional, differentiated insights for genuine innovation. He also emphasizes the importance of stepping outside the insular corporate environment to seek out underappreciated trends, frustrations customers face, and the deeper, broader questions around societal changes. Packed with practical exercises and real-world examples, this episode offers valuable takeaways for individuals and companies alike aiming to break free from conventional thinking and lead the charge in their industries. 00:00 Introduction and Welcome 00:25 The Importance of Being Your Own Seer 02:23 Imagination and Foresight in Innovation 06:12 The Role of Discontinuities in Innovation 08:11 The Need for Organizational Foresight 09:42 Building a Foundation of New Insights 18:18 Challenges in Allocating Resources for Innovation 25:15 The Importance of Transcendent Themes 29:15 Understanding Deeper Changes in Society 31:24 Impact of Connectivity on Society 32:19 Customer Frustration and Business Opportunities 33:37 Reinventing Education and Knowledge Consumption 34:42 Identifying and Addressing Industry Dogmas 41:20 Empowering Employees for Innovation 46:41 Distinguishing Form from Function in Business 49:07 Encouraging Radical New Possibilities 55:43 Conclusion and Future Topics
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Gary Hamel: Leading the Revolution Part 2 Business Concept Innovation
In this episode of the Innovation Show, we dive into Chapter 3 of Gary Hamel's influential book, 'Leading the Revolution.' Gary, one of the early proponents of business model generation, discusses the concept of Business Concept Innovation and how it has reshaped industries over the years. We explore examples of companies like Dell and Apple, which have successfully implemented innovative business models, and we delve into the components of business model innovation, including customer interaction, strategies, and value networks. Gary also shares his insights on overcoming organizational inertia, fostering a culture of innovation, and the importance of rethinking conventional business assumptions. This episode is a must-listen for anyone interested in driving innovation within their organization and staying ahead of the curve. 00:00 Introduction to Gary Hamill Series 00:13 Business Concept Innovation 02:44 Examples of Business Model Innovation 04:41 Expanding the Innovation Horizon 05:49 Defining Radical Innovation 08:49 Challenges in Business Model Innovation 17:07 Importance of Deconstructing Assumptions 26:01 Executive Support for Innovation 37:46 Assessing Company Resources for Innovation 38:24 Challenges in Big Companies vs. Startups 38:38 Haier's Approach to Entrepreneurship 40:42 The Importance of Public Policy in Innovation 44:19 The Role of Government in Business Innovation 44:31 Decadence and Complacency in Organizations 46:03 Historical Examples of Efficient Government 50:46 The Need for Courageous Leadership 51:52 Activism and Innovation in Companies 53:27 Building a Resilient Business Model 56:42 Strategic Decisions in Business Models 59:21 The Importance of Customer Contact 01:03:44 First Mover vs. Smart Mover 01:07:44 Competitive Lockout and Choke Points 01:12:14 Preparing for a Rapidly Changing Economy 01:12:44 Continuous Learning and Personal Responsibility 01:14:03 Conclusion and Contact Information
A Global weekly show interviewing authors to inspire, educate and inform the business world and the curious. Presented by the author of "Undisruptable", this Global show speaks of something greater beyond innovation, disruption and technology. It speaks to the human need to learn: how to adapt to and love a changing world. It embraces the spirit of constant change, of staying receptive, of always learning.
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