Spotlight On Growth: The Role Of Growth In Achieving Superior Value Creation

After years of retrenchment and restructuring, many leading global companies are poised to grow. Systematic cost reduction and improvements in asset productivity have boosted returns on invested capital. Profits as a share of GDP are at record - high levels, providing excess cash for new investment. Indeed, many companies find that the can fund far more growth than their traditional core markets can sustain, one sign of this situation: the M&A market is heating up again as more and more companies look to acquisition to consolidate their industry and gain market share or to move into new. Higher-growth businesses.