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The Growth Gamble: When leaders should bet big on new businesses
and how they can avoid expensive failures
Andrew Campbell and Robert Park
Nicholas Brealey Publishing, 2005
Only GO ON GREEN
Many companies have a growth gap. Their existing businesses are not growing fast enough to meet their ambition. The solution is to add new legs to their portfolio of businesses.
Yet as many as 99% of companies fail when they try to creat new growth platforms.
The Growth Gamble is management's guide to this tough challenge and helps managers find, get into and grow new businesses. Based on extensive research, the book contradicts the received wisdom and concludes that:
- Corporate venturing units do not generate new growth.
- Most companies have few new opportunties that warrant investment.
- Most companies spend too much on new businesses, not too little.
Too many companies kiss a lot of frogs in search of a prince. The Growth Gamble shows you how to spot princes at a distance.
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