Summary Sustaining growth in technology companies | McKinsey www.mckinsey.com
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McKinsey highlights the importance of continuous growth for technology companies in order to remain competitive and prevent decline.
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Key Points
- Sustaining growth is crucial for technology companies' success
- Continuous growth and innovation are important in the technology sector
- Rapid growth is necessary for technology companies to stay competitive and avoid decline
- High rates of growth are predictors of long-term success for technology companies
- Weak intellectual-property protection provided by patents is a barrier to growth for technology companies
Summaries
19 word summary
McKinsey emphasizes the significance of sustaining growth in technology companies. Rapid growth is crucial for competitiveness and avoiding decline.
44 word summary
McKinsey discusses the importance of sustaining growth in technology companies and provides insights on how they can achieve this. The article highlights the need for rapid growth to remain competitive and avoid decline. While software and online-services companies experience rapid growth, sustaining it is
282 word summary
Sustaining growth in technology companies is crucial for their success. McKinsey provides insights on how technology companies can grow fast and avoid slow decline. The article emphasizes the importance of continuous growth and innovation in the technology sector.
To sustain growth, technology companies
In an article titled "Grow Fast or Die Slow" by Eric Kutcher, the importance of sustaining growth in technology companies is discussed. The article emphasizes the need for technology companies to grow rapidly in order to stay competitive and avoid a slow decline. The
Software and online-services companies are experiencing rapid growth, but sustaining that growth is challenging. Little empirical work has been done on the importance of revenue growth for these companies or how to find new sources of growth. A study analyzed the life cycles of 3
In the early stages of a technology company's life, growth is crucial. However, the rules of growth in other industries do not apply to the technology sector. A software company growing at 20 percent annually has a 92 percent chance of ceasing
High rates of growth are a predictor of long-term success for technology companies. A study found that 85% of companies that reached $1 billion in annual sales were in the top two categories of growth when they were smaller. These companies maintained their growth
In interviews with CEOs, it was found that weak intellectual-property protection provided by patents is a major barrier to growth. To sustain growth, companies need to create proper incentives for the leadership team to remain committed to the company beyond the IPO. Companies should focus
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