A consistent finding in our research is that about 75 percent of all growth is a function of the markets in which businesses compete—portfolio momentum—and the acquisitions they initiate. In other words, just 25 percent of a company’s growth typically comes at the expense of competitors. We highlighted this analysis before the market downturn in 2008, and it has continued to hold true since then.
Authors: Sven Smit, Yuval Atsmon
Source: McKinsey Quarterly
Subjects: General, Management, Strategy