If you want to spark innovation in your company, move your best people out of your most profitable businesses, XL’s chief executive officer advises.
Mike McGavick, the CEO of Dublin-based XL Group whose admonitions about a crisis of creativity and innovation in the property/casualty insurance industry were widely reported last year, offered the idea when asked what leaders should do to make innovation blossom at their companies.Executive SummaryLeaders need to move out of their comfort zones to drive innovation in their companies and to turn around problem businesses, according to XL’s CEO Mike McGavick.