{
  "docId": "019dd923-5ca1-7489-b634-d3738a63434c",
  "docSlug": "2862941a98bffda6",
  "documentTitle": "Corporate Ventures in Sweden",
  "authorId": "BCG",
  "authorName": "BCG",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.445,
  "pageNumber": 19,
  "pageCount": 28,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 75,
  "notes": "The chart shows that the lowest R&D spenders (yellow circles) achieved the highest TSR, contradicting the assumption that higher R&D spend leads to higher value creation.",
  "elementsJson": [
    "line_chart",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b634-d3738a63434c/19",
  "deckHref": "/decks/019dd923-5ca1-7489-b634-d3738a63434c",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b634-d3738a63434c.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b634-d3738a63434c#slide-19",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.25,
        "x": 0.65,
        "y": 0.23
      },
      "kind": "callout",
      "text": "Top 50 largest Swedish corporations (Market Cap)",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "82a5ba9f-d040-471f-b26b-cded289c44c7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.75,
        "x": 0.1,
        "y": 0.2
      },
      "kind": "chart",
      "text": "TSR % (year 2000 index) over time for 5 R&D spend portfolios",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0df63d2b-8027-417c-bf82-89d4e4c03f32",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.04,
        "y": 0.93
      },
      "kind": "disclaimer",
      "text": "Note: Portfolios based on rolling 5 year average share of revenue spent on R&D, portfolio companies updated yearly. Source: S&P Capital IQ; Mergermarket.com; Company annual reports; BCG analysis",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "951aa9d6-c96d-4467-b3fd-83f1af814a1d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.85
      },
      "kind": "legend",
      "text": "1 - highest R&D spending, 2, 3, 4, 5 - lowest R&D spending",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6b50d56d-4358-4763-a3c1-3ae2f4a141db",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Total Shareholder Return",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-acb6-775d-928a-e7fd840d1acd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.04,
        "y": 0.05
      },
      "kind": "title",
      "text": "No correlation between R&D spend and value creation",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14ac1832-d870-446f-91dd-f92fdccf2913",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.04,
        "y": 0.1
      },
      "kind": "title",
      "text": "15 year total shareholder return for five portfolios based on average R&D spend",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "788e1a43-e502-4ffc-a62c-c136a4e39eb7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-12a6-770e-916e-6e1669fcce23",
      "evidence": "Title 'No correlation between R&D spend and value creation'.",
      "confidence": 80
    },
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-12a6-770e-916e-707c7df362bc",
      "evidence": "Multi-line TSR-over-time chart for portfolio comparison.",
      "confidence": 70
    },
    {
      "name": "Data-Ink Ratio",
      "slug": "data-ink-ratio",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "04745166-fe7b-4a70-b5bb-50aca067309c",
      "evidence": "chart/line: TSR % (year 2000 index) over time for 5 R&D spend portfolios",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}