From Innovation to Advantage

[16 October 2007 - Harvard Business Online - Excerpted from "The Future of Management," by Gary Hamel with Bill Breen] Management innovation tends to yield a competitive advantage when one or more of three conditions are met: the innovation is based on a novel management principle that challenges some long-standing orthodoxy; the innovation is systemic, encompassing a range of processes and methods; and/or the innovation is part of an ongoing program of rapid-fire invention where progress compounds over time. More