McKinsey on Finance, Number 79

Two decades of research show that, while large deals still have their place, programmatic M&A strategies continue to create gains in excess total returns to shareholders, at lower levels of risk.

The recent spate of spin-off announcements reveals the limits of diversification as well as some of the potential value-creating benefits of separations.

Almost 15 years after introducing a critical choice-making framework, behavioral economists Cass Sunstein and Richard Thaler reflect on its continuing impact on business and society.

Structured conversation during brainstorming sessions removes some of the risks that can thwart honest discussion.