ABSTRACT
The globalized nature of today's markets gives large corporations power all over the world, and enormous leverage—and much larger budgets—than most countries. All this global wealth and influence has presented corporations with a remarkable capacity to reshape societies and the environment. While certain indicators of economic health are still at record levels, the current disenchantment with economic realities worldwide is certainly related to the 2007–08 economic crisis. To update the rules of the global economy, we need new legal, financial, and business models, and new tools for business growth and transformation. Many businesses have realized the value in seeing global problems as innovation challenges. Although the need for transformation in business leadership has a new urgency now, companies have long used their enormous power to exert progressive change. Companies evolve now through technological innovation and competition with players of all sizes across markets and industries to transform whole ecosystems, like cars, food, and energy.
