Facing the Future

Michael McWilliam

Chapter 25 in The Development Business, 2001, pp 247-255 from Palgrave Macmillan

Abstract: Abstract It is easily overlooked that there is no inevitability about corporate survival. We live with those that succeed and easily forget the failures. Reflecting on CDC’s half century in the development business suggests that among the qualities for survival are not only an ability to adapt to changing fashions and circumstances, but also the existence of a corporate ethos which embodies a pronounced will to overcome adversity. Looking back over the record one can now see that on four occasions the CDC story might have had a premature ending, but for the vigorous corporate belief in its unique development role.

Keywords: Venture Capital; Private Equity; Public Private Partnership; Private Capital; Private Equity Fund (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50427-1_25

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DOI: 10.1057/9780230504271_25

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