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Efficiency, Scale, Execution... What Next?
Over the last few decades, enterprises grew by increasing efficiency, scale and execution capabilities. Emerging economies still have a large scope for applying these levers to extract further growth. But most of the enterprises in developed economies have reached the limits of cost cutting and productivity improvements. Increase in spending by consumers and businesses is the only source of growth and it does not look very promising in the near to medium term. Now let us take a step back and ask, why is growth so very important for an enterprise?
