Manulife: Transforming a Century Old Stalwart
The transformation of a 130-year old financial institution into a digital-centric organization.
The transformation of a 130-year old financial institution into a digital-centric organization.
Can a 2000+ year old industry reinvent itself at once ?
The availability of capital, high costs of being a public company, and decreases in technology costs have led to disruption in the investment banking industry
BCG must help clients transform to avoid disruption while also protecting against disruption to their own core business. BCG Digital Ventures is BCG’s innovation, incubation, and investment arm and helps client companies develop innovative products, platforms, and businesses to stay relevant in an increasingly digital world.
At 112 years old, and with its market capitalization down 80% from its 2011 peak, Li & Fung must “innovate or die” as a Financial Times article put it bluntly. During the 1980s-90s, Li & Fung used acquisition rollups to create a massive network of over 15,000 factory suppliers in 60 countries. However, as the retail industry modernized during the last decade, Li & Fung missed the boat on many digital innovation trends and lost its powerful position as the world leader in supply chain management.
eBay, starting off as an auction site, was quickly surpassed by Amazon in US and has encountered strong opponents in international markets. How should it transform and re-invent itself in order to win in competition?
Even the world's must powerful military must radically change to adapt to Digital Innovation and Transformation
Can ABSA maintain its position as a large player in the South African banking industry as it faces increasing competition from digitally-enabled players with strong data analytics capabilities?
Can incumbent financial services firms avoid disruption by new entrants?
As mobile payments and blockchain tech challenge the status quo of cross-border money transfers, Western Union must digitally transform itself at the right pace… or risk going the way of the telegraph.