There’s a new and very interesting article on Inc.com that reveals the results of a survey focusing on future M&A activity and joint ventures.
In a survey conducted by PricewaterhouseCoopers, it seems 50+ percent of respondents in companies with annual revenue ranging from $5 million to $150 million believe joint ventures, strategic alliances, and acquisitions are critical in order to grow business and move into new markets.
However, that news comes with a proviso:
“Close to a majority of the 339 respondents also said they will not look to engage in any acquisition or merger activity in the foreseeable future, citing concerns over costs, lack of attractive business targets and unsuccessful post-merger integration.”
Based on these responses, I can see their point, but on the other hand, if an entrepreneur is truly an “entrepreneur,” then he or she is willing to take a risk.
With risk comes reward. What do you think?