{"id":58043,"date":"2021-12-08T09:11:21","date_gmt":"2021-12-08T09:11:21","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=83737"},"modified":"2021-12-08T09:11:21","modified_gmt":"2021-12-08T09:11:21","slug":"leap-by-mckinsey-research-shows-50-percent-of-global-revenue-will-come-from-new-products-services-and-businesses-by-2026","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/leap-by-mckinsey-research-shows-50-percent-of-global-revenue-will-come-from-new-products-services-and-businesses-by-2026\/","title":{"rendered":"Leap by McKinsey Research Shows 50 Percent of Global Revenue Will Come From New Products, Services and Businesses by 2026"},"content":{"rendered":"
\n
\n
\n

55% of Global Business Leaders Say New-Business Building Is a Top Priority<\/i><\/p>\n

NEW YORK, Dec. 8, 2021 \/PRNewswire\/ — Today, Leap by McKinsey<\/a>, the new-business building practice of global management consulting firm McKinsey & Company<\/a>, released its second annual survey titled, The State of New-Business Building<\/a>. The research, which surveyed executives at large scale organizations on\u00a0how they are finding sources of growth for their companies, revealed that new-business building is a\u00a0global phenomenon.<\/p>\n

\"McKinsey<\/div>\n

A quarter of CEOs around the world see actively integrating new products and services, or building completely new business models into their ongoing strategies, as a top strategic priority \u2014 more than doubling in recent years. Around the world, 81% of business leaders are prioritizing new-business building as a means to protect against industry disruption. This research launches at a time when it is essential to develop new revenue streams to meet both customer and market demand, and the opportunity is significant. By 2026, executives expect 50% of global revenues will come from products, services, and businesses that don’t exist today.<\/p>\n

“While the global pandemic forced CEOs and business leaders to take a step back and better understand rapidly changing customer needs, the elevated prioritization of new-business building throughout 2021 has made it clear that it will be increasingly the critical lever for strategic growth moving forward,” said Ari Libarikian, Senior Partner, and co-leader of Leap by McKinsey. “However, building a new business is no easy feat with the majority of new businesses failing to scale. Moreover, as leaders look towards future expansions that will thrive in the marketplace, they must consider aspects like sustainability and diversity & inclusion in forming and building new businesses in order to take advantage of this massive opportunity.”<\/p>\n

Compelling findings from the research include:<\/p>\n

Sustainability<\/b>\u00a0\u2014 Addressing sustainability is one of the largest areas of opportunity when developing new-business building strategies, yet global business leaders are not actively utilizing the opportunity to address climate change.<\/p>\n