Case Study
A System for Launching New Ventures Leads to Profits in Sustainability
A System for Launching New Ventures Leads to Profits in Sustainability Facing limits to growth in its core fuel and retail markets, Caltex Australia developed a system for launching new ventures—including a first-of-its- kind environmental remediation business. Client Impact VENTURING BEYOND CORE MARKETS Already the largest operator of fueling stations in Australia, Caltex sought new ways to reach its target of 8% annual growth during a time of falling oil prices and flat demand. The leadership team recognized that they would need to move beyond its core—to pursue a portfolio of new opportunities to deliver both immediate business benefits and to build a platform for future growth. To meet its goals, Caltex in 2014 enlisted Innosight to help develop a repeatable system for discoveri