Build, Borrow, or Buy:
Solving the Growth Dilemma
By: Laurence Capron and Will Mitchell
Head: (4 of 5)
Heart: (3.5 of 5)
Leadership Applicability: (4.5 of 5)
Build, Borrow, or Buy draws from two decades of research into how some companies succeed in developing powerful new business capability, while many others fail. Authors Laurence Capron and Will Mitchell provide us with powerful and essential tools to help leaders decide whether to innovate within (build), work with joint ventures (borrow), or expand (buy) when they need to acquire new resources for growth.
The book provides examples from large corporations, such as HP, Coca Cola, Johnson & Johnson, and Cisco, as well as smaller companies (from all over the world), which have created sustainable growth strategies reflected in the pathway framework:
- Build – When should you develop internally?
- Borrow – The untapped potential of strategic partners and joint ventures
- Buy – Mergers and acquisitions strategy
The authors argue that there is no one sure fire way of growing, and that firms at different times, and for different reasons, should pursue whatever is most suitable, using their framework to help make the right decisions. Nevertheless, many firms rely on only one model for growing, and suffer accordingly.
Build, Borrow or Buy provides valuable insights for all decision makers. They all have a vital leadership role to ensure that the resource pathways framework will deliver powerful benefits to the success of the business.
Click here to learn more or join our February Wise Talk with author Laurence Capron and submit your questions.
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