Paul Jenkins, senior partner and global coleader of Leap by McKinsey, shares insights from a recent survey revealing a strong uptick in corporate enthusiasm for new business ventures. Despite economic challenges, over 50% of CEOs are prioritizing these initiatives. Jenkins discusses the growing focus on sustainable and Gen AI businesses, the competitive edge incumbents possess, and the necessity of strategic governance. He also highlights how investors are valuing adjacent ventures significantly higher and the importance of a diversified portfolio approach to business building.