The traditional system of company‐centric value creation (that has served us so well over the past 100 years) is becoming obsolete. Leaders now need a new frame of reference for value creation. In the emergent economy, competition will center on personalized co‐creation experiences,...

As recently as 24 months ago, the principal focus of management attention was cost reduction. Today, the captivating target is growth. How do you account for this rapid shift in interest?

Gary Hamel is well known for his forthright and challenging views on international corporate strategy. Together with his colleague, C.K. Prahalad, he has written extensively in Harvard Business Review on the core competence of corporations, competition for competence and, just this year, on...