Rethinking Growth at All Costs
Many companies, especially in the tech world, have come to embrace the idea of growth at all costs. But according to research from Gary Pisano, professor at Harvard Business School,\xa0most firms\xa0fail to consistently\xa0increase revenues and profits\xa0over the long\xa0term, adjusting for inflation. He says\xa0that\xa0it\u2019s\xa0important for leaders to think more strategically about not just the rate of growth they want to achieve but the direction they want to grow in and their method for doing so. Trying to grow too fast\xa0can be the downfall of many organizations. He\xa0shares examples of companies\xa0that have fallen into this trap, as well as those getting the balance right.\xa0\xa0Pisano wrote the HBR article "How Fast Should Your Company Really Grow?"