bhi-theimaginationmachine-press-release.jpg

BCG Henderson Institute Publishes New Book on How to Build an Imagination Machine

Informed by In-depth Research, The Imagination Machine Is a Guide to Mining the Power of Imagination and Creativity for Business Success

BOSTON—Imagination in companies is needed now more than ever. According to analysis by Boston Consulting Group’s Henderson Institute (BHI), since the 1960s, the average number of companies exiting the Fortune 500 has increased by 36% annually. Competitive outperformance quickly fades. Rapid changes due to technology or other factors mean most companies risk stagnation. A recent BHI survey also found that while 97% of executives regard imagination as a critical business capability, 80% say it is hard to harness in large companies.

In their new book, The Imagination Machine: How to Spark New Ideas and Create Your Company's Future (Harvard Business Review Press), BHI’s Martin Reeves and Jack Fuller show how to harness imagination systematically to drive growth—especially in large, incumbent companies that may be facing stagnation.

The authors present a toolbox for cultivating imagination at the individual and collective level, and define concrete steps that business leaders can take to reform and revitalize their businesses. Every great business began with an effort of the imagination. Persistently great businesses are able to continuously access and utilize collective imaginative capacity, challenging existing mental models to discover new paths to growth, even while managing existing business models at scale. In the book, Reeves and Fuller share practical guidance for organizations to run and reinvent themselves over time.

The authors conducted over 100 interviews with business leaders, scientists, philosophers, neuroscientists, musicians, and artists and observed dozens of case studies for the book. They trace the evolution of imagination though history and science—from the dawn of mankind (with examples of hunter-gatherers who dreamed up scenarios for how best to trap their prey) to ancient Greek thinkers like Aristotle and Plato and Renaissance philosophers. They also delve into artificial intelligence and explore how AI can aid imagination efforts. As a way to challenge the mental models we all carry with us, they point to Charles Merrill’s industry-changing reimagination of banking inspired by his experience with supermarkets, and LEGO’s revolutionary mental model of a system of toys that emphasizes learning through play, among many other company examples.

The book describe how companies can turn ideas from tentative, counterfactual thoughts into new realities:

  • The Seduction: How to open yourself up to surprises
  • The Idea: How to generate new ideas
  • The Collision: How to rethink your idea based on real-world feedback
  • The Epidemic: How to spread an evolving idea to others
  • The New Ordinary: How to turn your novel idea into an accepted reality
  • The Encore: How to repeat the process—again and again.

“Harnessing imagination entails dealing with the mind, action, and their interaction. It is not only about individual creativity, but how minds can interact, creating collective imagination and momentum to turn ideas into new realities,” the authors write. With The Imagination Machine, they have created a provocative, fascinating handbook to spark ideas and growth in organizations.

For more information on The Imagination Machine, including organizational diagnostics, and to visit a 3D virtual “napkin gallery” with sketches and prototypes of early-stage ideas such as the original drawing of Twitter, the first LEGO brick, the first computer mouse, and others, please visit theimaginationmachine.org.

To arrange an interview with one of the authors, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.

About The BCG Henderson Institute

The BCG Henderson Institute is the Boston Consulting Group’s think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on Twitter: @BCGHenderson

ボストン コンサルティング グループ(BCG)

BCGは、ビジネスや社会のリーダーとともに戦略課題の解決や成長機会の実現に取り組んでいます。BCGは1963年に戦略コンサルティングのパイオニアとして創設されました。今日私たちは、クライアントとの緊密な協働を通じてすべてのステークホルダーに利益をもたらすことをめざす変革アプローチにより、組織力の向上、持続的な競争優位性構築、社会への貢献を後押ししています。

BCGのグローバルで多様性に富むチームは、産業や経営トピックに関する深い専門知識と、現状を問い直し企業変革を促進するためのさまざまな洞察を基にクライアントを支援しています。最先端のマネジメントコンサルティング、テクノロジーとデザイン、デジタルベンチャーなどの機能によりソリューションを提供します。経営トップから現場に至るまで、BCGならではの協働を通じ、組織に大きなインパクトを生み出すとともにより良き社会をつくるお手伝いをしています。

日本では、1966年に世界第2の拠点として東京に、2003年に名古屋、2020年に大阪、京都、2022年には福岡にオフィスを設立しました。