Henry Kressel and Norman Winarsky

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Henry Kresselserved as a senior partner and managing director at Warburg Pincus, a leading global private equity firm, for more than 30 years. During his tenure, he successfully led and managed investments, both domestic and international, in diverse fields of technology and services. Norman Winarsky is past President of SRI Ventures at SRI International, a world-renowned research institute. He was a founder of SRI’s venture strategy and process, which has resulted in more than sixty ventures worth over $20 billion, including companies such as Nuance, Intuitive Surgical, and Siri. They are co-authors of a new book, If You Really Want to Change the World: A Guide to Creating, Building and Sustaining Breakthrough Ventures.

3 Key Principles for Maintaining a Cycle of Continuous Innovation

At the turn of the century, the average lifespan of a major company was 67 years. Now, if a company is on the S&P 500, its average lifespan is about 15 years. The unfortunate fact is that many companies begin with great success and fail to renew themselves. It’s those that pursue a continuous process of growth through innovation on all fronts—business model, products, marketing strategy, and business relationships—that thrive.
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