In the short term; the twin problems - things change (more so now than in the past) and much corporate activity is necessary but unacknowledged in the org chart

In the short term; the twin problems - things change (more so now than in the past) and much corporate activity is necessary but unacknowledged in the org chart and balance sheet. Ripping out "inefficiencies" leaves businesses without capability. Reacquiring corporate capabilities (or acquiring them) is a long and risky road. Business schools and investors need to think about diversity of capability and expertise and ability to respond and change as measures of long (even medium term) corporate value.