The Future of Management is the latest great book of Gary Hamel (visiting professor of strategic and international management at the London Business School).

According to Hamel, there are various forms of innovation and those forms can be thought as a hierarchy, where higher tiers denote higher levels of value creations and management innovation comes out on top.

The innovation stack:

• management innovation
• strategic innovation
• product/service innovation
• operational innovation

Management innovation is defined as anything that substancially alters the way in which the work of management is carried out, or significantly modifies customary organizational forms, and, by so doing, advances organizational goals. Put simply, management innovation changes the way managers do what they do, and does so in a way that enhances organizational performance.

The author presents several examples of organizations that have succeeded by adopting management innovation. Overall, a very interesting book.