An alternative approach to traditional business growth is to merge with or
acquire another company.

Question

Quizplus · Accepted Answer

Merging with or acquiring another company is a valid approach to business growth, which can bring in new resources, capabilities, and markets. This strategy can also help companies consolidate their position in a certain industry and achieve economies of scale or scope. However, M&A involves significant risks and costs, including integration challenges, cultural differences, regulatory issues, and financial implications. Therefore, this strategy should be carefully planned, evaluated, and executed based on strategic goals and due diligence.

An Alternative Approach to Traditional Business Growth Is to Merge