Building new businesses in industrials

| Article

Industrials reported the second-highest drop in innovation as a priority, even though companies across sectors that invest in innovation throughout economic cycles consistently outperform their counterparts that do not. In fact, ambitious industrial companies could use this time to build new businesses and even reinvent themselves—if they take a thoughtful approach. To identify and nurture the most promising new businesses, industrial companies should follow a tested five-step method.

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