Manage Change in a Hyper-Changing World
Gary Hamel, Strategy Consultant, on managing change 24/7.
There is so much attention being paid today on how to embrace change. But management expert Gary Hamel, the bestselling author of What Matters Now, says that leaders need to understand that change itself has changed. Grasping the evolution of change will prepare leaders to anticipate shifts and the unstoppable innovations that drive them.
In the latest installment of Big Think’s Edge, Hamel teaches how to navigate today’s world of accelerated change and relentless competition.
The Revolution of Management
In the near future, industries will be ruled by technologies that haven’t been invented yet. Moore’s Law has observed that computing power doubles every two years, and so can you imagine what leading industries will look like two decades from now?
Leaders who don’t want to be blindsided by a shift must be experts at anticipating and leveraging change. “There’s a very good chance that over the next few years we are going to see a revolution in management that is just as profound as the revolution in management that gave birth to the industrial age,” says Hamel.
The Acceleration Continues
As fast-paced as the world is today, we have to stop a moment and consider how change itself has changed. And the pace may not seem natural, as far as our agrarian ancestors are concerned; it's not slowing down but becoming faster. “We literally live today in a world where change has changed. We are the first generation in history where the pace of change has gone hyper-critical within our lifetimes,” Hamel points out.
Modernity has given us an "exponential lifestyle" where everything from CO2 emissions and the number of genes sequenced to the number of discovered planets are essentially growing exponentially. The old adage should be changed to: rapid change is the only constant.
From the printing press to the personal computer to whatever device we're all glued to ten years from now, advancements in technology provide greater opportunities. This is of course a positive trend, one that evens the playing field. But it also means fiercer competition and lowered barriers of entry.
Master navigating change and you gain an advantage over your competitors. You will also anticipate shifts before they happen and seize on new innovations and other opportunities in uncertain times.
To learn how to understand everything you need to know about managing change, subscribe to Big Think’s Edge and watch this clip from Hamel’s discussion on staying competitive in our ever changing world:
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
The Canadian professor has an extensive collection posted on his site.
- Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
- Categories include literature, neuroscience, religion, and systems analysis.
- Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Best case: Redrawing borders leads to peace, prosperity and EU membership. But there's also a worst case.
Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.