CEO Adrian Gore describes how the South African company has been shaking up its industry through business-model innovation and explains what helps to catalyze new ideas.
Content: Case Study | Author: Adrian Gore | Source: McKinsey Quarterly | Subjects: Innovation, Strategy | Company: Discovery
The rationales behind innovation and earnings targets are not really great bedfellows. You have to invest in innovation, even if you don’t know where it will end up. But with a growth-target mind-set, you’re always thinking, “Oh, we can’t do this, because it’s going to undermine our margins” or whatever. You ought to do both well, but it’s challenging to balance those two parts of … [ Read more ]
Content: Quotation | Author: Adrian Gore | Source: McKinsey Quarterly | Subject: Innovation