Question

 According to Gary Hamel, which one of the following propositions is one of the four pillars to create value for the company and the customer?

• A. The well-being innovation
• B. The management innovation
• C. The digital innovation
• D. The financial innovation

Answer 1

The Correct Option is B

 Gary Hamel, a renowned expert in the field of management and innovation, identifies several key propositions for creating value both for companies and customers. One of these propositions involves the idea of 'Management Innovation.'

Let's break down the concept and the rationale behind the correct answer choice, 'The management innovation':

• Management Innovation: This involves creating new ways of organizing and executing managerial structures and processes. It can lead to significant improvements in a firm's performance by changing the way that management tasks are conducted. By rethinking managerial processes, companies can drive long-term growth and create substantial value, both internally and externally.
• Other Options Explained:
  • The well-being innovation: Typically focuses on improving the health and happiness of individuals, which is important but not directly related to the management structures.
  • The digital innovation: Involves using digital technology to enhance processes, which is important but broader than managerial focus alone.
  • The financial innovation: Deals with innovative financing and monetary strategies, which can drive value but primarily in the economic domain, not through management practices.

Thus, emphasizing 'Management Innovation,' as per Gary Hamel's work, underscores the importance of evolving management practices to create new value, aligning with the proposition of driving organizational competitiveness and customer satisfaction.