Worldwide expectations for increased competition in mature business markets are creating a daunting vision of either collaborative company consolidation or the complete elimination of some corporations. An attitude of “eat or be eaten” prevails today in many industries. Such aggressive business strategies can rapidly lead to mergers, acquisitions, divestitures, and closures without fully informed decision-making occurring. Changing consumer technologies, imbalances in currency exchange rates, political instabilities, and national environmental disasters all can exert unplanned negative economic forces on corporations if they are without significant resources to respond quickly.
John T. Phillips