Growing Midcap Consumer Companies

Eric Melloul:

Another important capability is assembling an ecosystem of partners and suppliers that do the work for you. Because of limited resources, you cannot do it all.

The ability to be more patient and take more risks is what sets midcaps apart.

I see many companies move from an incentive structure that was based on growth and profit to one based exclusively on profit. That drives the wrong behavior because it forces managers to focus on cost instead of growth, short term instead of long term.