In light of these changes, it’s not surprising that we’re seeing new approaches to driving growth throughout the Fortune 500. One example is the recent spate of mammoth splits at traditional powerhouse firms including Motorola , Kraft and Abbott. In each case, powerful CEOs chose to divide the size of their companies (and spans of control) in half in order to increase focus and speed growth. For the same reasons, portfolio rationalizations are now commonplace; e.g., Procter & Gamble, ITW and Unilever . And even more recently, expensive inversions have become in vogue, including firms like Eaton and Abbvie.
鉴于这些变化,《财富》500强公司(Fortune 500)纷纷采取新方法来推动增长,这并不意外。例如,一些传统的强势公司最近纷纷选择瘦身,其中包括摩托罗拉(Motorola)、卡夫食品(Kraft)和雅培(Abbott)。这些公司的CEO之所以选择将公司规模(与控制范围)缩小一半,就是为了提高专注度,加快增长。出于同样的理由,产品组合合理化也变得非常普遍,这样做的公司包括宝洁(Procter & Gamble)、ITW集团和联合利华(Unilever)。就在最近,包括伊顿(Eaton)和艾伯维(Abbvie)在内的一些公司甚至开始频频采用昂贵的税收倒置策略。
CEOs of traditional mega-conglomerates are literally slicing up and uprooting their organizations in order to fuel growth. And they have to because the successes of companies like Airbnb and Uber have shown that smaller firms with simpler and more nimble infrastructures can win – just look at the market caps being attached to these asset-lite firms. This is not to suggest that building scale and pursuing acquisitions are no longer important drivers of growth. It does mean however that these strategies will be held to greater scrutiny as the idea that “bigger is always better” becomes quaint.
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