With Uber and Airbnb changing the landscape,boardrooms are waking up to the need for transformation in the digital era. But why achieve most programmes flop? Since the beginning of this century, over half of Fortune 500 companies acquire disappeared. In their place has emerged a generation of current, and digitally-driven businesses such as Facebook,Airbnb and Uber.
Famously, Warren Buffett has had great success picking the corporate winners over the years. His strategy involves investing in businesses with “economic moats”: companies that acquire generated success by erecting durable barriers to their competition. Continue reading...
Source: theguardian.com