Usually, the biggest companies are not the most dynamic.
Sentiment: NEGATIVE
Business ends up being very dynamic and situational.
I think that companies always become complacent, over time. Or most companies, that is.
Too many companies are just being big for the sheer sake of it. Too many CEOs thinking bigger is better.
In the larger companies, you have this tendency to get top-down direction.
Companies that have been built and operated for a long time are the most successful companies.
But if you look at WorldCom, which is the biggest failure to date, they grew dramatically, they were buying companies that were bigger than they were and they were doing it off inflated stock.
As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.
Future companies will be smaller and more nimble.
You have to ask what is going to happen to a lot of companies when there is not a lot more money to be gotten. That changes everybody's perspective, I think.
Among the world's 500 largest companies, not one has completely relied on its own growth to develop.