Recommendation
For most companies, the current business environment is one of constant disruption and chronic unpredictability. One thing does appear certain, however: According to research from McKinsey & Company, companies that embrace both innovation and growth – “innovative growers” – outperform their industry peers and provide better returns for their shareholders. Innovative growers accomplish these feats by setting their aspirations high, promoting a company culture that emphasizes and creates the capacity for innovation, and opening pathways for growth via strategic mergers and acquisitions.
Summary
About the Authors
Matt Banholzer is a partner in McKinsey’s Chicago office; Rebecca Doherty is a partner in the Bay Area office; Alex Morris is a partner in the Toronto office; and Scott Schwaitzberg is an associate partner in the New York office.
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