Larry Keeley, an innovation expert and partner at Monitor, explains how Kodak’s famous failure to enter digital photography quickly can be a useful lesson for executives looking to innovate now. He writes that a new form of strategic thinking, convergences, “gives leaders a deeper sense of the interdependencies that connect firms, products, systems and services in new ecosystems” and reveals emerging opportunities, typically at the junction of new technologies and customer behaviors.

At a time when the global life sciences and pharmaceutical industries are beset by major challenges, including patent cliffs, skyrocketing costs of drug approvals and failures in key trials, China is spending billions of dollars on life sciences initiatives. This report finds China poised to become the global leader in life science discovery and innovation within the decade.

The world’s rapidly growing megacities represent significant opportunities for companies seeking new markets and justify a unique approach to an important source of potential growth. In this article, Jennifer Lacks Kaplan and Mark Pocharski explain what it takes for companies to build winning strategies to take advantage of this growth opportunity.

In this presentation to the Estonian Development Fund, Monitor co-founder Joseph Fuller explains the necessary elements for nations working on a vision for economic development drawing on his experience working with more than 35 countries creating national and regional economic strategies.

In a new report tracking sovereign wealth fund investments, Monitor Group and Fondazione Eni Enrico Mattei found that the funds had adapted to the global economic downturn by realigning investment strategies with long-term goals and pursuing joint investments to share risk.