Jean-Manuel Izaret (JMI)

There is a huge demand for major capital projects coming from AI, renewables, manufacturing and general electrification - this article from Utility Dive highlights recent work from my colleagues on how to drive a step change in major capital project execution! #energytransition #Bain #majorcapitalprojects

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Bain research reveals that only 12% of major change programs produce lasting results in business transformations. In his latest Forbes blog, David Michels breaks down what sets these leaders apart in successful corporate transformations. #TransformationsThatWork

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Deal activity remains lethargic as of September 2024 as it continues to be impacted by high capital costs and regulatory scrutiny. However, sectors like pharma services are showing growth, and projections suggest a rebound in 2025. Looking for more on the latest trends and transaction activity across the industry?

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In his classic business book “Good to Great,” Jim Collins analyzes 11 companies that had separated themselves from their competitors and become industry leaders. Companies that had made the transition from “good” to “great” had, based on Collins’ research, done so by consciously defining and pursuing that outcome in the form of a “big hairy audacious goal” or “BHAG.”   Collins defines a BHAG as “a powerful way to stimulate progress.” But to do so, it must be “clear and compelling” - he gives the example of John F. Kennedy’s goal of landing men on the moon by the end of the 1960s - which requires “both building for the long term AND exuding a relentless sense of urgency.” To be effective, a BHAG has to be the right amount of difficulty. According to Collins, it “should fall well outside the comfort zone” and, while there should be a basis for believing it can be achieved, it “should require heroic effort and perhaps even a little luck.” I have come to believe that the BHAG concept can apply on a personal level as well, leading an individual on their own “good to great” journey. In particular, I think the BHAG idea can be a perfect vehicle for improving fitness. As it does for a company, I believe a personal BHAG can have an energizing, focusing effect through the invariable ups and downs while chasing a challenging and exciting goal. Of course, the goal must be “audacious,” which means that it has to be in that band between what is almost certainly achievable with focused effort and what is truly out of reach. Other than a brief experiment with jogging during my first year of law school, I did not take up the sport until I was 48. It then took me a year to go from the 10K to the half marathon, and another year to take on my first full marathon. I was never fast, but having once told a friend that I was as likely to walk on the moon as I was to run a marathon, it was satisfying to realize that I could go farther than I had ever thought possible. It wasn’t until I was in my mid-50’s, with a handful of marathons and two Olympic distance triathlons under my belt, that I decided to see if I could really push myself. That was when I decided to create an ambitious, three-year program that would have me take on a 56-mile ultramarathon, a half-Ironman triathlon, and finally a full Ironman. If I could be successful, I envisioned transforming myself from an ordinary middle-aged runner into someone who had successfully tackled some of the world’s most challenging extreme endurance events.  There were surprises, setbacks, and successes along the way - and through it I found the BHAG-inspired transformation I was seeking. The journey continues. #thursdaythoughts #thoughtleadership #leadershipdevelopment

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As sustainability goals meet the realities of implementation, companies are recalibrating their timelines and ambitions. Bain experts offer guidance on navigating complex transitions in the energy, food, and technology sectors. Read the full report here. https://bit.ly/3zxmh2U

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Bain & Company’s 2024 M&A Midyear Report has arrived. Dive into expert insights from my colleagues David Harding, Dale Stafford, and Suzanne Kumar as they dissect the M&A landscape for the first half of 2024 and highlight key sector trends. https://dy.si/5D29i

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When change is the only the constant, the ability to be "in" the turbulence without letting it overtake you is vital for success. This guide from Wharton offers some excellent advice for navigating uncertainty by strategically managing workloads and priorities. It stresses the importance of maintaining a sustainable pace, making for breaks in the action and rest. Most notably, it suggests creating a list of "anti-goals" that encourages you identify what you can reasonably accomplish and avoid stretching yourself beyond your limits. #Leadership #ChangeManagement #Wellbeing

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Bain's latest report, The Visionary CEO’s Guide to Sustainability, is here! As customers increase pressure on businesses to uphold sustainability commitments, how will executives adapt? Find out more here. https://bit.ly/3zetftE

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Transformation programs have become ubiquitous. Unfortunately, the vast majority of these efforts fail to live up to their transformative potential. Bain research indicates that only 12% of major change programs produce lasting results.   It doesn't have to be this way. In the May-June issue of Harvard Business Review, my colleage -- Patrick Litre -- and I share the six features that our research finds separate successful transformations from all the rest. #TransformationsThatWork Harvard Business ReviewPatrick Litre

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In a new interview with Fortune's CEO Daily, Bain's Worldwide Managing Partner Christophe De Vusser shares how we have not yet reached the tipping point with generative AI, and explains how we're helping our clients shape the future and reinvent industries. https://dy.si/jYVgMy

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As sustainability goals meet the realities of implementation, companies are recalibrating their timelines and ambitions. Bain experts offer guidance on navigating complex transitions in the energy, food, and technology sectors. Read the full report here. https://bit.ly/4e14vV2

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Have you ever wondered if companies can truly balance ambitious sustainability goals with customer needs? BCG experts believe it's possible. By harnessing the power of deep tech and radical innovation, companies can design products that excel in both sustainability and performance. This isn't just about making small improvements—it's about reimagining processes to create entirely new business models. Imagine leveraging AI, robotics, and synthetic biology to develop high-performing, sustainable products. An integrated approach that combines marketing intelligence with technological innovation is key to achieving both business and environmental goals. By following these principles, companies can eliminate the trade-offs between sustainability and customer satisfaction, driving significant environmental impact and business success. Ready to learn more? Dive into the full article: https://lnkd.in/d9KKzSHB #Sustainability #DeepTech #GreenProducts

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Excited to share Alvarez & Marsal's latest Private Equity Value Creation Survey, where Markus Lahrkamp and Rachel Jurgensmeyer offer a deep dive into the strategies driving portfolio growth today. From digital transformation to operational efficiency, we're seeing new trends emerge that are reshaping how value is built and sustained. This survey is a must-read for those aiming to stay ahead in an evolving landscape. Explore the full insights here: https://lnkd.in/gZRJMQJM #PrivateEquity #PerformanceImprovement #ValueCreation #Strategy

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Bain Capital Ventures was formed over 20 years ago with the launch of BCV’s $250M fund in 2001. Over the course of the last two decades, we are fortunate to have backed many household names: LinkedIn, SolarWinds, SurveyMonkey, Rapid7, Dynatrace, Docusign and SendGrid. Today, we are launching a reimagined BCV brand that you can see here: https://lnkd.in/gugpnPuG The core mission of Bain Capital Ventures has not changed: fund disruptive B2B technology founders at the earliest stages and bring the power and weight of our operating experience, domain depth and Bain Capital networks to help accelerate these ventures from inception to scale. Why, after 23 years, should we show up differently? What’s changed? It’s never too early for BCV. - We have built a team of investors in SF and NYC who are ex-founders and startup execs who have lived through the 0-1 journey.  - We're doubling down on incubations. We launched BCV Labs, an AI-focused incubation space in Palo Alto, with startups like Prophet Security and Contextual AI. - We've also been incubating tech-enabled services startups out of our office in NYC, with a thesis that AI makes historically bad markets good. Now is the time to build AI for legacy industries waiting to be disrupted. - We have formed BCV Fellows which is a group of early-career prospective founders that are tapping into the Bain Capital networks to get exposed to unsolved problems in industry. Bain Capital offers firmwide depth in a broad range of industries… including manufacturing, logistics and healthcare. - Bain Capital’s network provides access to large verticals and companies that represent some of the largest AI disruption opportunities. - These verticals complement areas of historical strength for BCV including Fintech, Commerce, Cyber and AI Infrastructure. We build with you. - We've expanded our platform team to include talent, marketing, and customer development, with experts hailing from companies like Stripe, Airbnb and MuleSoft. Bain Capital Ventures was formed during the rubble of the dot-com collapse. But we are launching the new BCV brand today, at the dawn of the AI revolution. The largest industries of the world will be reinvented in the next 20 years and a new set of household names in software, financial services, healthcare, commerce, manufacturing and logistics will emerge. There has never been a more exciting time to be a founder. We are here and ready to build with you! - Ajay Agarwal and Christina Melas-Kyriazi

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As sustainability goals meet the realities of implementation, companies are recalibrating their timelines and ambitions. Bain experts offer guidance on navigating complex transitions in the energy, food, and technology sectors. Read the full report here. https://bit.ly/4d20yhs

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Want to turn strategy into multiple choice rather than an essay question? Read my next posts on the key findings from Hamilton Helmer’s book about building enduring business value  -  7 Powers: The Foundations of Business Strategy https://7powers.com/ I’d recommend every CEO reads it if they want to take strategy seriously. Reed Hastings, co-founder and CEO of Netflix, said: “It will change how you think about business and pull into focus your critical strategy challenges, not to mention their solutions.” 🤔 Many leaders don’t spend enough quality time and effort on strategy 🤔And when they do they don’t really know what strategy is or how to go about building one 🤔 Many leaders just want to get on with the doing or the execution. Operational excellence is essential and hard but it does not assure long-term success and differential returns. Ask yourself the right strategic questions so you can make the right strategic calls. Then all the sweat you put into your operational efficiencies will be worth it. Whether you are running or buying a business, Helmer’s 7 Powers strategy framework will guide you on how to capture enduring business value. Learn from my next posts how Nvidia, Netflix and Pixar have understood the powers of sustainable value capture.👇 - - - - - 📑 Read the article in full below. 👀 Keep your eyes peeled for more info on this topic! https://lnkd.in/d2Wu4jkh #privateequity #venturecapital #PE #VC #RaisingCapital #strategy #strategicthinking #valuecreation

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BCG’s recent report highlights findings on the significant disparities in treatment outcomes for Heart Failure with Reduced Ejection Fraction (HFrEF). The study reveals critical gaps, particularly in underserved urban areas, calling for urgent and strategic interventions. Read the report to learn about key actions #healthcare leaders can take to improve #healthequity: https://lnkd.in/ezrA965K

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As sustainability goals meet the realities of implementation, companies are recalibrating their timelines and ambitions. Bain experts offer guidance on navigating complex transitions in the energy, food, and technology sectors. Read the full report here. https://bit.ly/47rqXUM

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