Ahead of the Curve EP 25 - Organic Growth Or Growth From Acquisition Which Is Better?
Update: 2021-06-01
Description
At some point in their life, manufacturers may consider an acquisition to spur growth versus continuing to develop new products internally.
Acquisitions can be far quicker but they have their own challenges, which could end up being more problematic than the acquisition is worth.
In this episode, two guests with years of experience in manufacturing discuss the pros and cons of organic growth and growth through acquisition: David Morley, Gerent’s V.P. of Manufacturing Practice and Kevin Shaw, Global Product Manager with Elliott Manufacturing.
Key Insights
01:59 – Why acquisitions may NOT be the fastest way to grow.
06:36 – Acquiring a company is one thing. Integrating its culture, systems and processes is a whole other issue.
09:23 – How organic growth can go off the rails when product developers deviate from plan.
16:33 – How listening to the customer led one agricultural product to evolve into another, sparking millions in worldwide sales.
Acquisitions can be far quicker but they have their own challenges, which could end up being more problematic than the acquisition is worth.
In this episode, two guests with years of experience in manufacturing discuss the pros and cons of organic growth and growth through acquisition: David Morley, Gerent’s V.P. of Manufacturing Practice and Kevin Shaw, Global Product Manager with Elliott Manufacturing.
Key Insights
01:59 – Why acquisitions may NOT be the fastest way to grow.
06:36 – Acquiring a company is one thing. Integrating its culture, systems and processes is a whole other issue.
09:23 – How organic growth can go off the rails when product developers deviate from plan.
16:33 – How listening to the customer led one agricultural product to evolve into another, sparking millions in worldwide sales.
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