Persistent growth: why expanding is no longer enough
A recent scientific study shows that only 15% of the companies that exhibited high growth in 1985 were able to sustain it for at least thirty years. McKinsey reached the same conclusion in a study examining the performance of the world’s 5,000 largest companies. In particular, the study found that the median corporate growth rate was 2.8% (considering the ten years prior to Covid), and that only one company in eight recorded annual growth rates above 10%. The problem of “persistent growth” is rooted not only in contextual and contingent factors, such as the pandemic or geopolitical and economic ...