Agencies and departments at all levels of government are facing increased pressure to cut costs and become more efficient. In this article, Monitor partners Bruce Chew, Josh Lee, and Jessica Watson explain how to avoid the traps of traditional budget-cutting, and outline the three keys to “doing more with less.”

If the arrival of a more robust global economic recovery and a return to familiar growth patterns is not in our medium term future, what can Western enterprises do now to enhance their competitiveness and find growth opportunities in a low growth environment? Monitor’s Eamonn Kelly and UC Berkeley’s Steven Weber argue that the process of ‘recovery’ from the Great Recession, still in the early stages of what will be a drawn-out low growth period, will serve to reinforce and accelerate major shifts in patterns of consumption, and foundational elements of the global business environment. Western firms sitting on record reserves of cash appear to be waiting for uncertainty to ‘resolve’—but what may seem like a prudent risk management strategy is actually itself risky. Kelly and Weber analyze the new dynamics of consumption, the new role of governments, and other major features of the emerging global economy, and point to opportunities to secure a disproportionate share of growth in the near term and competitive advantage for the long term.

From climate change to spiraling healthcare costs, from global poverty to food and water shortages, wicked problems and their ramifications also impact organizations and their employees. The key to solving these complex problems – as well as narrower, more industry-specific challenges – lies in figuring out when – and whom – to ask for help. In this article for Rotman Magazine, Bansi Nagji and Helen Walters outline various approaches to think both systematically and strategically about open innovation and new ways to get others to help solve complex problems.

In this Harvard Business Review lead feature article, Bansi Nagji and Geoff Tuff of Monitor make the compelling argument that organizations should manage for "Total Innovation." A carefully balanced innovation portfolio is important for long-term, sustained growth; it helps companies outperform their competitors and potentially achieve a premium recognized by the capital markets.

There is growing interest in the role of market-based solutions in addressing the problems of poverty, through inclusive businesses that tap into the potential of the global poor as customers and suppliers—the so-called ‘fortune at the Base of the Pyramid (BoP).’ Encouraged by the growth of microfinance, many promising new models are emerging. This has elicited a rush to the new field of ‘impact investing’—producing social or environmental good as well as financial return—with hundreds of funds set up in just a few years and billions of dollars waiting to be invested.

In this recording of Monitor’s recent webcast, "Embracing Complexity: Building Innovation Capabilities for Your Organization" Monitor thought leaders discuss how to frame growth challenges holistically. They detail practical methods to develop more systematic and structured approaches to innovation. Watch this webcast to glean new insights on how to build both the robust structures and the internal systems to provide reliable, repeatable growth and innovation.

Most strategies fail in the implementation phase, and the problem can be traced to three factors: a failure of translation, a failure of adaptation, and a failure to sustain change over the long term. Amelia Dunlop, Vincent Firth, and Robert Lurie discuss key elements of a dynamic approach to strategy implementation—one that overcomes the limitations of traditional approaches—and how it has helped leading enterprises deliver more effectively on their strategic ambition in this paper from the Monitor Perspectives series.

Between 500 million and 800 million of the world’s poor now have access to finance—but only one in four have been taught how to use their access wisely and to their advantage. In this study commissioned by the Citi Foundation, Monitor’s Anamitra Deb and Mike Kubzansky survey the landscape of old and new financial education models, analyze whether they have a business case and make recommendations on a shared agenda for the field to benefit all financial inclusion stakeholders—including consumers, financial institutions, policy makers and donors, and educators.

Mining companies looking to do business in Africa should take an inclusive approach to development that addresses the needs of the relevant governments, communities in which they operate, and the companies own needs, write Andrew Lane and Riccardo Reggio in this article from the Monitor Perspectives series.

Even in an era of massive demographic changes and financial uncertainties, the twenty-first century sees Brazil poised to become a world power, Rogério Rizzi writes in an essay for the latest issue of Excelência em Gestão (Excellence in Management), the quarterly magazine published by the National Quality Foundation of Brazil.