The pace of disruption has shifted the corporate growth agenda. Where once companies might have pursued growth for growth's sake, they are now increasingly likely to seek agility, in order to create nimble organizations that can adapt to a fast-changing competitive environment.
In short: it's no longer possibly to go it alone. Instead, companies are casting their eyes externally for capabilities, to help them source new technologies, business models and talent. Members of this growing, connected ecosystem may include technology businesses (like fintechs), innovation hubs, government, consumers, and academia.
As competition within the ecosystem heats up, we are seeing some emerging deal trends:
- Looking beyond financial growth to address more fundamental business challenges.
- Multiple paths to growth and competitiveness, encompassing partnering, organic growth and M&A.
- Changing deal direction, including cross-sector deals to acquire new technologies and drive efficiency.