Business ecosystems change constantly. Opportunities come
and go and the race is won by the most agile. Today’s business leaders know all
too well that to compete and grow, they must regularly expand or reinvent – but
how should they go about bridging the resource gap?
No matter their size or pedigree, firms have a limited
number of options: they can innovate internally (build); enter into contracts
or alliances and joint ventures (borrow); or merge or acquire (buy). Three
clear choices – it seems simple enough – but in their new book, BUILD, BORROW,
OR BUY: Solving the Growth Dilemma (Harvard Business Review Press) Laurence
Capron and Will Mitchell show how ineffectively most businesses plan for
growth.
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