Business Growth By Merger Or Hiring? Which Strategy Fork In The Road Should You Take?
As the business world economic outlook continues to careen between opportunity and disaster, it is nice to find a free resource of economic outlook approaches conducted by a respected major source. The Wall Street Journal article “Two Camps for Business Growth Put Spotlight on Regional Divide “ discusses how North American and European executives are leaning to merger & acquisition to grow, while Asia plans to hire people and grow organically.
Interestingly the most widely chosen action was growth oriented, whether for optimistic or defensive reasons; expanding product or services.
“The Towers Watson September survey of 743 companies found that 37% of HR executives in North America and 36% in Europe believe that M&A will be one of their three top strategies for driving growth. That might indicate executives in those markets see few other promising ways to expand their businesses. Such moves "may well be more of a defensive play to consolidate market position or gain sufficient scale to weather continuing tough times than an aggressive expansion strategy," the study said.”
http://online.wsj.com/article/SB10001424052748703395904576025791526387806.html
You might also like the votes on the three actions steps to success that were favored to see which might apply in your business. Consider the following questions to help apply them to your specific personal or business situation
- Where do you agree and disagree with the executive votes?
- Why?
- Should you reconsider part of your vision and current business model financial goals?
- What one action will you now take?
- How long do you think you should wait before revisiting these tactical suggestions?
As the business world economic outlook continues to careen between opportunity and disaster, it is nice to find a free resource of economic outlook approaches conducted by a respected major source. The Wall Street Journal article “Two Camps for Business Growth Put Spotlight on Regional Divide “ discusses how North American and European executives are leaning to merger & acquisition to grow, while Asia plans to hire people and grow organically.
Interestingly the most widely chosen action was growth oriented, whether for optimistic or defensive reasons; expanding product or services.
“The Towers Watson September survey of 743 companies found that 37% of HR executives in North America and 36% in Europe believe that M&A will be one of their three top strategies for driving growth. That might indicate executives in those markets see few other promising ways to expand their businesses. Such moves "may well be more of a defensive play to consolidate market position or gain sufficient scale to weather continuing tough times than an aggressive expansion strategy," the study said.”
http://online.wsj.com/article/SB10001424052748703395904576025791526387806.html
You might also like the votes on the three actions steps to success that were favored to see which might apply in your business. Consider the following questions to help apply them to your specific personal or business situation
- Where do you agree and disagree with the executive votes?
- Why?
- Should you reconsider part of your vision and current business model financial goals?
- What one action will you now take?
- How long do you think you should wait before revisiting these tactical suggestions?
Posted by FiscalDoctor com at 1/6/2011 11:49 AM 
Categories: business strategy, business growth, due diligence, ERM, revenues, corporate, ORM, change management, plan, risk assessment, enterprise risk management, business model, contingency planning, economic choices, Business, economy, risk, operations risk management
Tags: assessment best practice BPM budget business growth business model business plan cash change change management contingency planning due diligence economy enterprise risk management ERM fiscal goals leadership liquidity risk operations risk management profitability risk assessment risk strategy risks strategic plan strategic planning strategy vision
Categories: business strategy, business growth, due diligence, ERM, revenues, corporate, ORM, change management, plan, risk assessment, enterprise risk management, business model, contingency planning, economic choices, Business, economy, risk, operations risk management
Tags: assessment best practice BPM budget business growth business model business plan cash change change management contingency planning due diligence economy enterprise risk management ERM fiscal goals leadership liquidity risk operations risk management profitability risk assessment risk strategy risks strategic plan strategic planning strategy vision
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