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61% Is keeping pace the new standstill?
Is keeping pace the new standstill? Disruption is a top CEO priority...and pain point Stimulate innovation 61% of CEOs believe new market entrants will disrupt their industries during the next 5 years. Source: PwC’s 2015 Global CEO Survey Competition is heating up and not only within a given industry. CEOs are asking... Breakthrough Game Changer Incremental Disruptive Where can we change and innovate? How do we strike the right innovation balance for longterm differentiation, growth and short-term efficiency? How can we innovate more effectively? So what’s an executive to do? Start with the innovation road to topline growth. Innovate with purpose and have a coherent strategy. Target a higher proportion of breakthrough and radical innovation. Learn and implement business model innovation. Experiment with new innovation operating models. Open Innovation Design Thinking Frugal Innovation Co-creation Incubators Reverse Innovation Strategic Intuition Corporate Venture Capital Drive a culture of innovation to deliver superior performance. Innovation leaders who do this see 2-3 times higher growth outlooks. 62% 60% The most innovative companies are predicting growth of 62% over the next five years 50% 40% 35% Against the global average of 35% 30% 20% 21% The least innovative companies are expecting growth of 21% over the same period 10% 0% 2014 2015 Source: PwC 2013 Global Innovation Study 2016 2017 2018 Helping organizations stimulate innovation. Strategic innovation agenda Align all elements to your top-line growth, core values and strategic growth. Revenue growth Turbo-charge innovation capabilities to achieve sustainable differentiation through an effective repeatable and scalable approach. Culture of innovation Fuel growth and innovation with the right skills and a global multi-generational workforce. Identify, support and reward innovators. Business change Develop new business models to disrupt other industries and protect yourself from disruption by others. We can help you drive topline growth and bring winning ideas to market. Ready to get started? For more information, please visit: www.pwc.com/stimulateinnovation © 2015 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. 32056 -2015