- The Perils and Truths of Corporate Turnarounds NYU Stern finance professor and valuation authority Aswath Damodaran argues that businesses follow a natural lifecycle, and their market valuations must align with their current stage—from early-stage startups to mature, declining enterprises. Speaking at the Nordic Business Forum, Damodaran highlighted how often corporate value is destroyed when firms attempt to defy their age. He cautioned against mature companies trying to artificially regain their youth, a cycle fueled by an industry of consultants and investment bankers offering the strategic equivalent of cosmetic surgery. When older firms fall for the promise of quick rejuvenation, the results are frequently destructive. Sustaining a Comeback Through Strategic Transformation While superficial fixes rarely succeed, fundamentally altering the underlying business model can yield a lasting recovery. * The Decline: At its zenith, BlackBerry dominated the mobile market with i...
Motivating the Potentials...⌘