Companies that prioritize establishing new businesses during periods of economic volatility outperform rivals which do not place a similar focus on this activity, a global study has found.
While those insights are promising for companies which invest time (and money) in amplifying new business ventures in the face of economic headwinds, it should also serve as encouragement for conservative organizations to adopt a more expansive mindset.
The findings were drawn from analysis by McKinsey, the management consultancy, based on survey responses from 1,000 business leaders in 75 countries.
Business development leads to positive effects
- The study revealed that...