Industry Challenges
Sustained profitable growth is the goal of nearly every company and is something that requires more than simply growing along with the economy. Driving growth through real innovation represents a significant challenge, particularly in the context of CIS.
Globally, no more than half of all companies are satisfied with their innovation activities. Typically, the main obstacles to generating growth through innovation are: aversion to risk, lengthy development times, and choosing the most commercial ideas.
CIS companies face specific challenges. For example, they must attract and retain the best people, they often must work within short payback schedules, and they must find the most suitable research partners.
BCG competencies
The Boston Consulting Group has extensive experience in helping companies increase the impact of their innovation activities. Combining creativity and analytical insight, our approach allows clients to overcome external and internal barriers to achieving profitable growth.
BCG has worked with its clients to:
Identify breakthrough opportunities by recognizing and merging key megatrends and company capabilities
Redesign and optimize product-development processes and organization
Develop research and development strategies and then align client organizations around those strategies
Assess portfolios and reallocate resources to ensure the client meets growth targets in regard to business, geography, and timeline
In many cases, growth opportunities can be identified within an existing business model. However, sometimes a new model can provide greater advantage. In such cases, BCG’s business model innovation capability can play an important role in accelerating a client’s growth trajectory.