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Facing turbulent and fast-changing markets, innovators need a well-tuned innovation system that can spot emerging product, service, and business model opportunities - and then rapidly develop and successfully scale them - over and over again. In this 14th edition of BCG's Most Innovative Companies report, we draw on our global innovation performance database of more than 1,000 firms to detail the practices that make the best stand out from the rest. #Innovation
“Even more than words right now, we need action. At BCG, we will continue to listen, educate ourselves, speak-up, talk openly, and work hard to help put an end to racism and injustice in our communities every day.” BCG CEO Rich Lesser, responds to the recent protests in the United States. https://on.bcg.com/2Xooacy Our BCG channels will go on pause to create more space for the voices of our Black community to be heard and for the rest of us, as allies, to take action and educate ourselves to create a better, inclusive future.
In addition to the obvious impact of the pandemic on health and the global economy, mental wellbeing is taking a big hit. Gabriel Seidman, Project Leader, discusses some of the strategies employers should leverage to help reduce the “hidden cost” of COVID-19.
Crises often create new attitudes, needs, and behaviors, which need to be managed. Imagination is the crucial factor in seizing and creating new opportunities, and finding new paths to growth. While imagination may seem like a frivolous luxury in a crisis, it is actually a necessity for building future success: https://on.bcg.com/3bsb5nc
Crises can fundamentally reshape social attitudes and beliefs, which can pave the way for new policies, ways of working, and consumer needs. Practical measures can help guide leaders to make sense of and shape the post-crisis reality: https://on.bcg.com/2V6ubJN
"As someone who is immersed in the field of employee wellbeing, I hope that I can offer a few insights and some useful advice on how to navigate this difficult time—from the point of view of what we do at BCG and from a personal point of view as a colleague, husband, and father." Reflections from BCG's Mark Kelly on navigating your wellbeing in a time of crisis: https://on.bcg.com/2UHmuJL
Companies that can codify and apply learnings from other regions’ responses to COVID-19 will be better able to protect their employees and business. 12 early lessons from China’s experience can help leaders respond:
COVID-19 is at the forefront, a human crisis; however, it also presents an unprecedented challenge to global supply chains. As the virus expands globally, companies should take action to address both the human and business challenges: https://on.bcg.com/2U1CWCZ
We recognize that we have a lot of work to do, but we will continue to prioritize our #WomenatBCG agenda: #IWD2020 #EachforEqual