What the growth outliers large companies do
On one hand, they are buit for innovation..., on the other hand, they are extremely stable
They are rapid adapters :
- They make small bets early and diversify their portfolios
- They are active acquirers
- They manage major resource allocations centrally
- They have processes that support speed and flexibility
- They build innovation into everyday operations
They are champions of stability :
- They focus management attention on culture and shared values
- They avoid dramatic divesitures
- They hold on their talent
- They don't change high-level strategies quickly
- They have a reliable customer base
- They keep their senior leadership stable
Source : HBR, Rita Gunther McGrath (Columbia Business School).
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