In the absence of excessive regulation or anti-competitive practices, industries are observed to evolve toward an optimal market structure described by the Rule of Three. The authors, building on Bruce Henderson's original research, explore how the rule works in today's global environment.
Leaders now need to refocus on the long term and attend to five key imperatives.
Kristin Peck, CEO of Zoetis, and Don Allan, president and CFO of Stanley Black & Decker, discuss what it takes to make a company resilient and how resilience creates advantage.
“I really believe in open innovation, where you use the capabilities of crowdsourcing to get access to know-how, capabilities, and also domain expertise that you don’t have in-house.”
"Instead of inflation being easy to control as it relatively has been after Paul Volcker took the measures to bring inflation down, inflation will become much harder for a combination of government and the central bank to bring back under control."
“Purpose is what brings the idea of sustainability and sustainable business together. These are not two separate functions. They are one and the same.”
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