A company faced with the decision of redirecting its core strategy faces tough choices regarding which business processes remain its core
Last year was painful for everybody, but the financial crisis was especially devastating for startup companies, a group of venture capital and technology leaders said Feb. 4 at the Thunderbird Global Private Equity Forum in Menlo Park, Calif. The economy forced companies to squeeze the fat out of the system, meaning companies needed to concentrate more on their core competencies. Companies that did survive by focusing on their core businesses will be better positioned for success in the future, said Todd Jacquez-Fissori, Managing Director, Hercules Technology Growth Capital.
[This article has been reproduced with permission from Knowledge Network, the online thought leadership platform for Thunderbird School of Global Management https://thunderbird.asu.edu/knowledge-network/]