Business Quote by Adam Lashinsky
“The reliable way great conglomerates grew over time was by adding new products and buying new companies. IBM moved from mainframe to PCs.”
About This Quote
Source Book: “The Big Score: The Billion Dollar Story of Silicon Valley” by Adam Lashinsky, 2012
Conglomerates expand by diversifying products and acquiring firms, as IBM did moving from mainframes to PCs.
In simple terms: Growth through new products and acquisitions.
Diversify and acquire to grow.
Themes
Mood
Type
When to use this quote
- entering new markets
- product development
- M&A activity
- strategic pivots
Key Concepts
Questions to Reflect On
- How can a company maintain identity while expanding?
- What risks accompany rapid diversification?
Reliance on acquisitions can dilute core competencies.