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Management article
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Reference no. 96405
Authors: Gary Hamel
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1996

Abstract

In many companies, strategy making is an elitist procedure and "strategy" consists of nothing more than following the industry''s rules. But more and more companies, intent on overturning the industrial order, are reviewing those rules. What can industry incumbents do? Either surrender the future to revolutionary challengers or revolutionize the way their companies create strategy. What is needed is not a tweak to the traditional strategic-planning process, but a new philosophical foundation: strategy is revolution. The author offers ten principles to help a company think about the challenge of creating truly revolutionary strategies.

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Abstract

In many companies, strategy making is an elitist procedure and "strategy" consists of nothing more than following the industry''s rules. But more and more companies, intent on overturning the industrial order, are reviewing those rules. What can industry incumbents do? Either surrender the future to revolutionary challengers or revolutionize the way their companies create strategy. What is needed is not a tweak to the traditional strategic-planning process, but a new philosophical foundation: strategy is revolution. The author offers ten principles to help a company think about the challenge of creating truly revolutionary strategies.

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