Management innovation is going to be the most enduring source of competitive advantage. There will be lots of rewards for firms in the vanguard.

Are we changing as fast as the world around us?

I don't know whether the universe contains any evidence of intelligent design, but I can assure you that thousands of everyday products do not.

In most companies, the formal hierarchy is a matter of public record - it's easy to discover who's in charge of what. By contrast, natural leaders don't appear on any organization chart.

A titled leader relies heavily on positional power to get things done; a natural leader is able to mobilize others without the whip of formal authority.

Today, no leader can afford to be indifferent to the challenge of engaging employees in the work of creating the future. Engagement may have been optional in the past, but its pretty much the whole game today.

There are as many foolhardy ways to grow as there are to downsize.