What Matters Now: How to Win in a World of Relentless Change, Ferocious Competition, and Unstoppable Innovation - Hardcover

Hamel, Gary

Hardcover

ISBN 10: 1118120825 ISBN 13: 9781118120828

Publisher: Jossey-Bass, 2012

Synopsis

This is not a book about one thing. It's not a 250-page dissertation on leadership, teams or motivation. Instead, it's an agenda for building organizations that can flourish in a world of diminished hopes, relentless change and ferocious competition.

This is not a book about doing better. It's not a manual for people who want to tinker at the margins. Instead, it's an impassioned plea to reinvent management as we know it―to rethink the fundamental assumptions we have about capitalism, organizational life, and the meaning of work.

Leaders today confront a world where the unprecedented is the norm. Wherever one looks, one sees the exceptional and the extraordinary:

• Business newspapers decrying the state of capitalism.
• Once-innovative companies struggling to save off senescence.
• Next gen employees shunning blue chips for social start-ups.
• Corporate miscreants getting pilloried in the blogosphere.
• Entry barriers tumbling in what were once oligopolistic strongholds.
• Hundred year-old business models being rendered irrelevant overnight.
• Newbie organizations crowdsourcing their most creative work.
• National governments lurching towards bankruptcy.
• Investors angrily confronting greedy CEOs and complacent boards.
• Newly omnipotent customers eagerly wielding their power.
• Social media dramatically transforming the way human beings connect, learn and collaborate.

Obviously, there are lots of things that matter now. But in a world of fractured certainties and battered trust, some things matter more than others. While the challenges facing organizations are limitless; leadership bandwidth isn't. That's why you have to be clear about what really matters now. What are the fundamental, make-or-break issues that will determine whether your organization thrives or dives in the years ahead? Hamel identifies five issues are that are paramount: values, innovation, adaptability, passion and ideology. In doing so he presents an essential agenda for leaders everywhere who are eager to...

• move from defense to offense
• reverse the tide of commoditization
• defeat bureaucracy
• astonish their customers
• foster extraordinary contribution
• capture the moral high ground
• outrun change
• build a company that's truly fit for the future

Concise and to the point, the book will inspire you to rethink your business, your company and how you lead.

About this title

Review

Guest review by Marc Benioff, Chairman and CEO, salesforce.com

Marc Benioff

The world is changing faster than ever. The "Social Revolution" is changing everything in business. The social, mobile and cloud technologies that are being rapidly adopted not only provide amazing new opportunities to engage with customers, but they fundamentally change the way we need to manage our companies. In his new book, What Matters Now, Gary Hamel outlines how tomorrow's successful companies must completely rethink management.

Gary Hamel, one of the world's pre-eminent business thinkers, demonstrates why last century's management theories-- developed more than a hundred years ago during the Industrial Revolution--are entirely wrong for managing today's successful organizations. He shows how yesterday's top-down bureaucratic management models designed to keep employees under control no longer work and how one-way, top-down communications are over.

We've seen how social networks like Twitter and Facebook enable wired citizens to rally crowds, gain global attention, and topple established political systems. We've seen the world change with the Arab Spring. If we don't find a better way to create more transparent, authentic and meaningful relationships with customers and employees, a Corporate Spring and a CEO Spring will be next.

Now, organizations of all sizes can access Gary's innovative ideas to bring business management into the future. Through case studies of forward-thinking companies like W.L. Gore, the company that makes Gore-Tex fabrics, Hamel illustrates the power of principles that center around autonomy and freedom, instead of command-and-control. Hamel illuminates how bold new models that encourage meritocracy--and identify the individual contributors who are actually driving innovations within an organization--will be the norm for successful companies moving forward.

This is a must-read for anyone who wants to succeed in today's world. Many fear change--after all, change is hard--but the world always spins forward and we must embrace change or the world will move on without us. Most of all, we have an incredible opportunity--as well as a responsibility-to redefine management for the next generation and transform our businesses into social enterprises that will be more competitive, more innovative and more successful than ever before possible.


Q&A with Author Gary Hamel

Author Gary Hamel

This book is different than previous books you have done. Why this book – why now?
There are a variety of unprecedented changes in the business environment, change continues to accelerate, trust is shaken, and competition is fierce: there is a raft of new competitors.

Organizations are not up to challenges ahead. There are many. The right thing to do was to NOT write a book about one thing – but instead offer 5 levers – and one person's point of view of how to work those levers.

What did you find surprising in writing this book?
Maybe not surprising – but a little shocking – was that despite magnitude of challenges that organizations face, including a dismal economy, most organizations are still fiddling at the margins.

A typical business book looks at companies doing something right at the moment...or companies that screw up. In times of environmental stress and change you have to challenge not only practices but principles. You must challenge fundamental assumptions about how organizations work. Frankly, I don't know of any organizations that are up to the challenges that lie ahead. This book is for people who want to get out in front; it is an agenda for people who want to lead.

Who has most influenced your thinking in the past ten to fifteen years?
Kevin Kelly and his book Out of Control (it came out in 1995.) He helped us understand how social life forms on the web and how that will, and has, affected us all.

Chris Rufer, President of Morningstar, is in the book. His company has demonstrated that you can run complex organizations without any hierarchical structure. I had believed it could be true ...but now know it is true.

Out of every critical issue out there now for leaders/managers/workers to focus on what is the one most people should start with?
Values. Every CEO will tell you that they want to an organization that builds superior results. But is values that will get you there. Values need to be transcendental rather than venal. Look at Apple: beauty, ease of use... versus the investment banks and their short term monetary gain for a few. People are rightfully calling capitalism to account. I understand the anger people have. I laugh when a CEO says he wants a "values driven organization" because the organization already is! The question is what values are in the driver's seat already.

What do you hope readers ultimately "get" out of this book?
The responsibility of any business author is to be profound and practical. I want to read things that challenge my convention...my mental models. I also like to spend time talking with CEOs and managers. Ultimately you have to build a bridge between new ideas and the everyday realities. That is my goal.

From the Inside Flap

"This is not a book about one thing.It's not a 300-page dissertation on leadership, teams, or motivation.Instead, it's a multi-faceted agendafor building organizations that canwin in world of relentless change, ferocious competition, andunstoppable innovation."
--From the Preface

What Matters Now is Gary Hamel's impassioned plea to rethink the fundamental assumptions we have about management, the meaning of work, and organizational life. He asks, "What are the fundamental, make-or-break issues that will determine whether your organization thrives or dives in the years ahead?" The answer is found in five paramount issues: values, innovation, adaptability, passion, and ideology.

Values: With trust in large organizations at an all time low, there is an urgent need to rebuild the ethical foundations of capitalism. What's required is nothing less than a moral renaissance in business.

Innovation: Innovation is the only defense against margin-crushing competition, and the only way to outgrow a dismal economy. In too many companies, innovation is still a buzzword, rather than the responsibility of every single individual. This must change.

Adaptability: In a world of accelerating change, every company must build an evolutionary advantage. The forces of inertia must be vanquished. The ultimate prize: an organization that is as nimble as change itself.

Passion: In business as in life, the difference between "insipid" and "inspired" is passion. With mediocrity fast becoming a competitive liability, success depends on finding new ways to rouse the human spirit at work.

Ideology: Today, businesses need more than better practices; they need better principles. Bureaucracy and control have had their day. It's time for a new ideology based on freedom and self-determination.

"Gary Hamel has crafted a challenging book that starts with values, celebrates innovation, and concludes by opening up the hierarchies of large companies to unleash the true human potential of the people who work there. This is a book to return to again and again as managers everywhere confront the challenges of orthodoxy, management lethargy, and overly-rigid company processes."
--Henry Chesbrough, author, OpenInnovation; professor at UC Berkeley's Haas School of Business

"What Matters Now lets you in on the five things that will transform your organization--or sink it. It's your choice--put Gary Hamel's book at the top of your to-do list or procrastinate and risk falling farther behind."
--Charlene Li, author, Open Leadership; founder of Altimeter Group

Edition details

• Publisher: Jossey-Bass
• Publication date: 2012
• ISBN 10: 1118120825
• ISBN 13: 9781118120828
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 304