article thumbnail

The great miscalculation–and exit–of multinationals in Africa… again

Christensen Institute

In 2015, many multinational companies exited Africa. Nestle cut staff across 21 countries and Barclays, Coca-Cola, Cadbury, Eveready, and SABMiller retreated from different African markets they once believed had promise. The allure of Africa, particularly the widely referenced Africa rising narrative, was fading. So, when a U.S.

Report 145
article thumbnail

These companies failed because leaders did not want to hear bad news: The Ostrich Effect

Idea to Value

This can be especially dangerous when the problem they are avoiding is that they are being disrupted , other companies are out-innovating them, an important project is off-target or performance KPIs are falling behind. The fear that froze the company came from two places. In essence, ignore problems instead of acknowledging them.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does the Stock Market Inhibit Innovation?

Destination Innovation

Are private companies more innovative than public companies? found that when companies went public the quality of internal innovation declined and firms experienced both an exodus of skilled inventors and a decline in the productivity of remaining inventors. What happens to an innovative start-up which goes public?

Marketing 100
article thumbnail

Fleury’s idea market recognised for game-based approach to innovation

Exago

Exago’s client Fleury, the largest group of clinical analysis services in Latin America, reached the top five shortlist for large companies in the International IMP³rove Award 2015. The post Fleury’s idea market recognised for game-based approach to innovation appeared first on www.exago.com.

Marketing 100
article thumbnail

The Power of the Humility Principle

Innovation Excellence

GUEST POST from Greg Satell In 1929, just before the stock market crash, Louis Bamberger and his sister, Caroline Bamberger Fuld, sold their department store in Newark to R.H. Macy and Company for $25 million ($343 million in 2015 dollars). … Continue reading →

article thumbnail

Innovators in FMCG love Direct to Consumer

Destination Innovation

In 2010 the Gillette brand which is owned by Proctor and Gamble held 70% of the US market for razors. Its market share has now slid to around 50%. It has suffered at the hands of two aggressive start-up companies which went direct to consumer (DTC). Like many DTC brands their marketing has been driven by social media activity.

article thumbnail

When capitalism works, everybody wins

Christensen Institute

In 2015, the private equity firm purchased CHI Overhead Doors, a garage door manufacturing company, for around $600 million. When KKR purchased CHI Overhead Doors, the company offered employees stock ownership in the company. As a result of the program, CHI became a much more efficient company.