London Business School management professor and consultant Gary Hamel has realized that though technology has forever changed how companies operate, they still run according to outdated management rules and conventions created by long-dead management sages. Hamel says it's time to start managing according to the times rather than to old edicts. The single biggest factor in a company's long-term competitive success is not a fabulous business model, unique technology or access to capital. It's management innovation—a company' s ability to strategize, mobilize talented people, and allocate capital in new and different ways. Companies that embrace management innovation will be tomorrow's industry titans.
  What is the problem with today's management methods anyway?...