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Organic growth best for increasing market share
Organic growth initiatives come out on top (46%) when it comes to how to increase market share, followed by a mix of organic growth and M&A (22%) and primarily M&A (22%), according to a survey of 152 senior financial executives of global retail companies by KPMG International.
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It’s not the economy. Or the cost-cutting.
Starbucks CEO Howard Schultz told Britain’s Sky.com that the chain’s focus on improving its offerings and encouraging innovation as opposed to cost-cutting and store-closings are the reasons for its turnaround.
“You can’t “cut your way to prosperity,” Schultz said. “You have to create growth and opportunity.”