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How to (Gradually) Become a Different Company

Harvard Business Review

The executive team should not commit to specific moves, as factors outside of their control might require a change of plan. Acquisitions are part and parcel of a transformation. For example, Umicore’s 2003 acquisition of PMG increased its revenues by 50%. from 80% in 2000 to 50% in 2013), and by exposure to the economic cycle.

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