In the wake of the 2008-2009 financial crisis, Citi embarked on a strategy to return to its heritage as an innovator in financial services. The global bank instituted new enterprise-wide innovation capabilities aimed at building a reliable flow of new growth ventures…
A ‘future-back’ approach to mergers & acquisitions: While M&A as a lever to drive growth, innovation, and transformation is more vital than ever, most companies struggle to use M&A effectively. Leaders often attribute this struggle to the difficulties of executing or integrating M&A, but we believe that the root cause is more fundamental: a failure to
Asserting that the pace of change is accelerating is nothing new. That statement could arguably have started any article describing the challenges facing corporate leaders at any time over the past 150 years. Consider the broad changes the industrial and scientific revolutions unleashed…
Today’s corporate watchword word is transformation, and for good reason. One study suggests that 75% of the S&P 500 will turn over in the next 15 years. Another says that one in three companies will delist in the next five years. A third shows that the “topple rate” of industry leaders falling from their perch
The country of France recently passed a law outlawing supermarkets from destroying or throwing away unsold food. By specifying steep fines for failing to donate discarded food to charities, France is reacting to an out-of-control problem in wealthy countries: roughly a third of all produced food ends up in the trash-an environmental catastrophe that persists
Corporate Longevity: Turbulence Ahead for Large Organizations – Innosight forecasts half of S&P 500 companies to be replaced over the next 10 years, while our new survey points to organizational inertia and lack of long-term vision.
When Innovators Fail: Frustration, Wishful Thinking, and the Building of an Innovation Engine: If an athletic department at a large university made a decision to develop a world class rowing program, but the university administrators banned all water sports as too risky, we could hardly expect much in terms of rowing greatness. However, all too often
Investors are increasingly seeking firms with long-term growth strategies, rather than ones focused on managing short-term earnings to boost the stock price. This, in turn, is triggering a shift in the perceived role of the CFO — from bean counters to planters of seed corn. No one has done more to spotlight the contrast than
An adaptive headlight system, which utilizes more than 1000 LED pixels is set to make driving safer by facilitating precise and controlled light distribution based on road and traffic conditions. The adaptive nature also makes the system energy efficient by turning on only a subset of LEDs, typically estimated to be 30% of the total
Researchers have created nanobots with varying lengths of DNA strings, which can be used to easily diagnose particular diseases. The long strings enable detection of a specific disease while the short strings glow when the disease is detected. Even life threatening diseases like Ebola and TB could be detected faster than lab techniques.