Even in flush times, this cycle eventually risks the company’s failure altogether, as time and money get spent without sustainably generating any new innovations.
Now, as the era of low interest rates and cheap money ends, many companies urgently need a new approach to strategic governance. To escape the trap, companies must replace the top-down approach of M&A with a more inclusive and bottom-up approach to innovation. While M&Alike a cheap way to become more innovative, the most important information for innovation comes from inside the firm — from those close to customers, clients, suppliers, and technologies.
That’s my company. That’s why it hasn’t been going anywhere the past 2.5 years
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