What's Next with Philip Meissner

Imagination: How Bold Companies Thrive in a Fast-Changing World

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Aug 12, 2025
In this discussion, Martin Reeves, Chairman of the BCG Henderson Institute and an expert on business strategy, emphasizes imagination as the key to thriving in today's fast-paced world. He shares intriguing insights about how larger companies often stifle creativity and discusses the significance of the Facebook Like button as a case study in innovation. Reeves offers practical strategies for leaders to reignite imagination in their teams and explains how this skill can be structured into a repeatable process, driving continual growth and adaptability.
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INSIGHT

Imagination As Strategic Skill

  • Imagination is the creation of things that are not the case and causing them to be the case.
  • Martin Reeves says imagination is the creative side of strategy often neglected in analytic disciplines.
INSIGHT

Why Companies Lose Imagination

  • Companies struggle to act imaginatively collectively despite individuals' capacity to imagine.
  • Reeves attributes this to hyper-specialization, complacency, and backward-looking finance metrics.
INSIGHT

Growth Potential Declines With Scale

  • Vitality (future growth potential) declines with company size and age at about 10 percentage points per doubling.
  • Reeves calls this gravity that leaders must proactively defy to regain growth potential.
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