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Monday, May 01, 2017

Go for Growth

In the HBR:

Stop Focusing on Profitability and Go for Growth
by Michael Mankins

" .... Today’s era of superabundant capital rewards faster growth. To thrive in this new world, leaders must overcome the obstacles to growth in their organizations. They must reward the creativity and ingenuity required to devise new growth options. They must avoid screening out too many growth ideas, and opt instead to invest in a portfolio of growth experiments (or options). And, finally, they must build the skills and capabilities required to capitalize on their most promising experiments. This requires treating the time, talent, and energy of a company’s workforce as the truly scarce resources that they are and managing them with the same care and rigor that has been brought to financial capital in years past. .... " 

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