Gary Hamel, the management guru, is of the opinion that the pyramidal organisation structure is not conducive to innovation. Those in power are not ready to change. Only when the CEO changes, there comes a change in direction. Modern management originated at the start of the last century with the dawn of the industrial age. Let us call it Management 1.0. It was invented in Germany, Britain and the US. The present century will need its own new version of management. Let us call it Management 2.0. Formerly, organisations usedto innovate around products and strategies. Now organisations will have to innovate around the leadership and management process. This requires profound change — both at the individual and institutional level. The work will have to be distributed to the edges of the organisation. Management 2.0 could come from anywhere, the race is wide open.