Description:
PurposeThe author asserts that Gary Hamel’s decade-old prediction of an oncoming avalanche of ‘radical management innovations’ has come true. They are already staring us in the face, not in a couple of tiny obscure foreign firms, but in the success of the most valuable firms in the world.Design/methodology/approachWhether traditional management thinkers want to recognize it or not, we are already living in a new economic age–with radically different management practices that are driving the growth of the economy.FindingsThe current new age has been triggered by combining extraordinary new technologies and new management principles.Practical/implicationsNew technologies, without the change in management principles, are not enough to achieve transformative advantage.Originality/valueInnovative firms with a total value of more than half the economy are being run with a radically different management mindset, principles and skills that ambitious managers need to adopt.