There are indeed monopoly in this world, Buffett said that a moat is the competitiveness of a business economy. Most companies have many competitors because a profitable industry attracts competitors to join in for a piece of the pie.
Why most mergers and acquisitions end in failure? From a purely positive or optimistic perspective, companies must conduct mergers and acquisitions in order to achieve the following goals:
The world’s largest technology consulting company Accenture (ticker: ACN) is a very good company, and I am still proud to have been a member of Accenture. But I found that even the employees of very large companies or large foreign companies in Taiwan, and even senior executives, do not know this company exists. This surprised … Continue reading “What kind of company is Accenture, the McKinsey of technology industry?”