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Complacency to Hypergrowth
by Fred Schonenberg | 2019-03-25
Complacency to Hypergrowth
In our article, Complacency to Irrelevance, we discussed 5 warning signs predicting your company’s impending disruption. The article had a doomsday vibe and with good reason, given all the recent store closings (4,300 announced in the first 2 months of 2019 from Gap, Victoria’s Secret and even Tesla) as well as the $15bn write down by Kraft Heinz. Without question, innovation can disrupt, but it also can differentiate and spark hypergrowth. In fact, since 2006, the companies perceived to be most innovative grew shareholder value by 237%, outperforming the S&P 500 by 2x. We studied these companies as well as our own clients to identify 5 actionable ways that you can inject innovation into your organization to avoid disruption and jump start your growth.
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Future of Retail