Creative Destruction

"Inside Track: Creative Destruction"
October 25, 2011 - Pace University New York Campus
Moderator: President Stephen J. Friedman


Richard Foster
Emeritus Director of McKinsey & Company

Richard Foster is an emeritus director of McKinsey & Company, where he founded the technology and innovation practice, the health care practice, and the private equity practice and led McKinsey's worldwide knowledge development. He currently advises health care service and technology companies on how to capitalize on disruptive innovation. He has written two best-selling books: Innovation: The Attacker's Advantage (1986) and Creative Destruction (2001), as well as many articles in research and popular journals. He was the external leader of the Council on Foreign Relations Study Group on Innovation and Economic Power, which led to the publication of Technological Innovation and Economic Performance, Princeton University Press (2001).
Foster is a member of the executive committee of the board of directors of the Memorial Sloan-Kettering Cancer Center, the Yale School of Medicine Dean's Advisory Board, the Harvard Medical School Health Care Policy Advisory Committee, the National Research Council's Policy and Global Affairs Committee, the Council for Aid to Education Board, and the Executive Committee of the W. M. Keck Foundation. He is also co-chair of the National Academies (of Science, Engineering and Medicine) President's Circle, and a senior faculty fellow at Yale School of Management.