Innovation Now!
- Topics:
- Pricing Strategy
- Tags:
- Finance,
- Force,
- Innovation,
- Investment,
- Leadership,
- Management,
- Mergers & Acquisitions,
- Strategy,
- Wisdom
- Source:
- Gruner + Jahr USA Publishing
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Overview: Conventional wisdom says to get back to basics, to cut costs but conventional wisdom is doomed. The winners are the innovators who are making bold thinking an everyday part of doing business. Article discusses that competing today comes down to a leadership gut check. During the past decade, earnings and share prices were propelled deliriously upward by five manic forces: a huge run-up in capital spending and IT investment; a mountain of baby-boomer money that was force-fed into the stock market and in turn drove price-earnings ratios to nosebleed levels; round after round of cost cutting; a worldwide merger boom that pushed share prices ever higher; and a record number of share buybacks. To those five forces, one can also add a big dose of aspirational accounting. Read for more information.
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Format: HTML | Date: Dec 2002 | Pages: 1
