4 ms·
I work in health care. I also work for one of the biggest health care companies in the world. They are losing market share to smaller, more agile companies. Sma
by at-fates-hands 6y ago
I work in health care. I also work for one of the biggest health care companies in the world. They are losing market share to smaller, more agile companies. Smaller companies who can whip out apps and solutions way faster than the company I work for.
Their solution is to buy the companies whose technology they want to leverage for their own, similar to what Apple is doing. This is a good tactic, but then creates another separate issue - how do you integrate all of these companies and their tech and employee's into your massive structure?
This has now created a huge bottleneck in that M&A (mergers and acquisitions) are tasked are buying companies and then having to take several years before they can fully integrate them into our company. It is a painfully slow process, but they still believe its faster to do it this way, then to try and build the tools and applications on their own.
I feel like the jury is out on whether this is a good long term strategy or simply replacing one problem for another.
- root_axis 6y agoI suppose it all depends on the extant in-house expertise. If you're in a "we don't know what we don't know" situation with respect to the problem, it's less risky to buy the experts with a proven record rather than spend an indefinite amount of time and money on R&D which might not yield success. Integrating into a familiar bureaucracy is at least the devil you know