Breakthrough companies discover different leverage points — like outside advice or strong boards or maverick employees who lead them into new lines of business.
McFarland says that many of
breakthrough companies such as Paychex, the payroll processing company, and Intuit, the maker of personal and small business tax and accounting software, acquired key competitors over the years as both a shortcut to product development and as a way to increase their share of the market.
Tripp has invested in such great companies as Paperless Post, WattPad and Adara, and will no doubt find world class entrepreneurs and
breakthrough companies in which to invest in August VII.
«Together, with the ambitious entrepreneurs and
breakthrough companies currently working with MaRS Health, we will drive transformative change in the health ventures landscape significantly impacting healthcare and Canada's competitiveness globally.»
With Nortel's bankruptcy and entire industries losing ground, such as car manufacturing, the hope is that more than one
breakthrough company like Research in Motion (RIM) emerges from the current crop of startups.
There are still investors who believe all the great entrepreneurs are in Silicon Valley and that
all breakthrough companies are going to be based there.
The CEOs who run
these breakthrough companies take a different view of their role than other CEOs I know.
And
the breakthrough companies we identified came from all different worlds.
These are the questions Keith R. McFarland tackles in his new book,
The Breakthrough Company, published this month by Crown Business.
Let me give you an example: One
breakthrough company is Staubach, the commercial brokerage business run by Roger Staubach, the same Roger Staubach who was the quarterback of the Dallas Cowboys for many years.
That's the premise behind the search Keith McFarland, an entrepreneur and former Inc. 500 CEO, undertook in writing his book,
The Breakthrough Company.
What follows are some of the lessons McFarland learned from his study of
the breakthrough companies and how they can help you create a growth strategy of your own.
They could very well be
the breakthrough your company needs.
Dr. Delos M. Cosgrove, the chief executive and president of the Cleveland Clinic, tells The New Yorker that Theranos is «potentially
a breakthrough company.»
In India,
a breakthrough company Carbon Clean Solutions is capturing and using CO2 at significantly lower cost than has been experienced in other projects.
Back in 2008, Sieja read
The Breakthrough Company by Keith McFarland.