 | This biographical article is written like a résumé .(August 2019) |
Gary P. Hamel | |
|---|---|
 Gary Hamel (left) interviews Eric Schmidt (right) | |
| Born | November 9, 1954 |
| Alma mater | University of Michigan |
| Occupation(s) | Author, professional speaker, management consultant |
| Website | garyhamel.com |
Gary P. Hamel (born November 9, 1954) is an American management consultant. He is a founder of Strategos, an international management consulting firm based in Chicago.
Hamel was born on November 9, 1954, in St. Joseph, Michigan. [1] He graduated from Andrews University in 1975, and from Ross School of Business at the University of Michigan in 1990. [2]
Hamel has worked as a visiting professor of international business at the University of Michigan and at Harvard Business School; he currently teaches as a visiting professor of strategic management at the London Business School where he has been working for three decades. [3]
Gary Hamel is the originator (with C.K. Prahalad) of the concept of core competencies. He is also the director of the Woodside Institute, a nonprofit research foundation based in Woodside, California. He was a founder of the consulting firm Strategos, serving as chairman until 2003. The UTEK Corporation acquired Strategos in 2008 in an all-stock transaction as reported by the SEC. In 2012 Strategos [4] became an independent strategy and innovation consultancy once again through a management buy-out.
Hamel and Prahalad introduced the idea of "strategic intent" in a 1989 article published in the Harvard Business Review. [5] The idea of "strategic intent" embraces three attributes: direction, discovery and destiny. [6]
Harvard Business Review has available 20 articles by Gary Hamel and Hamel books are available in 25 languages. [7] The Wall Street Journal ranked Gary Hamel as one of the world's most influential business thinkers, [8] and Fortune magazine has called him "the world's leading expert on business strategy" [9] and Financial Times referred him as a ''management innovator without peer" [10] In 2013, his name was not present on an updated version of the Wall Street Journal list. [11] He is also a member of the Reliance Innovation Council formed by Reliance Industries Limited, India. [12] As stated by Forbes Hamel ranked number 5 in the 10 most influential business gurus for 2007. [13]
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning.
A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.
MIT Sloan Management Review is a magazine and multiplatform publisher. It features research-based articles on strategic leadership, digital innovation, and sustainable business. It aims to give readers practical, of-the-moment guidance for leading in an ever-shifting world. MIT SMR publishes in print quarterly and online daily. It creates content across various media, including web, app, podcast, live and recorded video, and via distributors and libraries worldwide.
Executive education refers to academic programs at graduate-level business schools for executives, business leaders and managers, globally. These programs are generally non-credit and non-degree-granting, but sometimes lead to certificates, and some offer continuing education units accepted by professional bodies and institutes. Estimates by Business Week magazine suggest that executive education in the United States is an $800 million annual business, with approximately 80% provided by university-based business schools. Many traditionally upper-tier schools, as well as business schools and other academic institutions, offer these programs.
Harvard Business Review (HBR) is a general management magazine published by Harvard Business Publishing, a not-for-profit, independent corporation that is an affiliate of Harvard Business School. HBR is published six times a year and is headquartered in Brighton, Massachusetts.
Coimbatore Krishnarao Prahalad was an Indian-American entrepreneur and author.
The bottom of the pyramid, bottom of the wealth pyramid, bottom of the income pyramid or the base of the pyramid is the largest, but poorest socio-economic group. In global terms, this is the 2.7 billion people who live on less than $2.50 a day.
Strategic foresight is a planning-oriented discipline related to futures studies. In a business context, a more action-oriented approach has become well known as corporate foresight.
Blue Ocean Strategy is a book published in 2005 written by W. Chan Kim and Renée Mauborgne, professors at INSEAD, and the name of the marketing theory detailed on the book.
Constantinos C. Markides is a Cypriot management educator and, since 1990, the Robert P. Bauman Professor of Strategic Leadership at London Business School. He is known for his work on strategic disruption and business models which is particularly illustrated in his book Game Changing Strategies published in 2008. He was listed among the Forbes.com list of Most Influential Management Gurus (2009).
M. S. Krishnan is the Michael R. and Mary Kay Hallman Fellow & Professor of Business Information Technology; Chair of Business Information Technology at the University of Michigan's Ross School of Business.
Co-creation, in the context of a business, refers to a product or service design process in which input from consumers plays a central role from beginning to end. Less specifically, the term is also used for any way in which a business allows consumers to submit ideas, designs or content. This way, the firm will not run out of ideas regarding the design to be created and at the same time, it will further strengthen the business relationship between the firm and its customers. Another meaning is the creation of value by ordinary people, whether for a company or not. The first person to use the "Co-" in "co-creation" as a marketing prefix was Koichi Shimizu, professor of Josai University, in 1979. In 1979, "co-marketing" was introduced at the Japan Society of Commerce's national conference. Everything with "Co" comes from here.
Kenneth Richmond Andrews, was an American academic who, along with H. Igor Ansoff and Alfred D. Chandler, was credited with the foundational role in introducing and popularizing the concept of business strategy.
Birger Wernerfelt is a Danish economist and management theorist, and JC Penney Professor of Management at the MIT Sloan School of Management. He is best known for “A Resource-based View of the Firm” (1984), which is one of the most cited papers in the social sciences.
''Strategy+Business'' combines powerful insights from inside and outside PwC to define and shape the top management agenda. We seek to help leaders thrive today, reinvent for the future, and deliver sustainable value. Headquartered in New York, strategy+business (s+b) is published by member firms of the PricewaterhouseCoopers (PwC) network.
Rita Gunther McGrath is an American strategic management scholar and professor of management at the Columbia Business School. She is known for her work on strategy, innovation, and entrepreneurship, including the development of discovery-driven planning.
Capability management is the approach to the management of an organization, typically a business organization or firm, based on the "theory of the firm" as a collection of capabilities that may be exercised to earn revenues in the marketplace and compete with other firms in the industry. Capability management seeks to manage the stock of capabilities within the firm to ensure its position in the industry and its ongoing profitability and survival.
Stuart L. Hart is an American academic, writer and theorist and the founder of Enterprise for a Sustainable World, a non-profit dedicated to helping businesses make the transition to sustainability.
Yves Doz is a French academic. He is a professor of strategic management at INSEAD, where he holds the Solvay Chaired Professorship of Technological Innovation, and is a Fellow of CEDEP. His research interests focus on innovation, the strategy and organization of multinational corporations, strategic alliances, and on how business organizations can develop the capability to adapt quickly to changes in competitive environments. More recently, he has been working with a number of national governments on strategic adaptability and agility. He is the author of numerous books and articles, which include the first comprehensive book on strategic alliances, co-authored with Gary Hamel, and the Multinational Mission, co-authored with CK Prahalad.
A business guru is a manager that can be defined as 'a person with influential ideas or theories about business'. The earliest use of the term business guru can be tracked back to the 1960s being used in Business Week. There are no existing qualifications that make someone a business guru. Anyone can become a business guru by making impact in a particular industry. It's also possible to claim to be a business guru at any time. It's not a title. The lists of people who have been accepted as business gurus have constantly changed over time. However, there are some people who have been accepted by a great majority as a business guru and also some organizations which have created their own lists of gurus. One English writer has described management gurus as "overwhelmingly a US phenomenon."
