Building new businesses -- or corporate ventures -- is increasingly critical for growth. Not only is the creation of new products and services a defining aspect of many leading companies, it is also a means to address fast-shifting customer demands, sustainability challenges and technological disruption.
In a recent McKinsey survey, 71% of business leaders in Asia-Pacific said building new businesses was a top-five strategic priority for their companies. They also expect 28% of their future revenue to come from the new businesses they build in the next five years.
