When Your Business Needs a Second Growth Engine Here's how to build it.

By: Contributor(s): Publication details: Mumbai Apex Publishing May-June 2022Description: Vol. 100, Issue 03, May-June 2022 Pages 76-85Subject(s): In: Harvard Business ReviewSummary: While new technologies continue to upend industries and shorten the lives of corporations there has never been a better time for companies to search for new growth engines. Companies need to identify markets with expanding profit pools, ensure that their offerings are differentiated, and instil an entrepreneurial mindset in the new business while harnessing the skills and assets of the original engine of growth.
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Article St. Francis Institute of Management and Research Available AR0968

While new technologies continue to upend industries and shorten the lives of corporations there has never been a better time for companies to search for new growth engines. Companies need to identify markets with expanding profit pools, ensure that their offerings are differentiated, and instil an entrepreneurial mindset in the new business while harnessing the skills and assets of the original engine of growth.

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