← Every exhibit

Table Table 1 Growth that compounds

Programmatic, defined seven ways

The winning archetype's own definition, document by document. Every telling that states a threshold states a different one; the 2021 article states two; the last two state none.

Document"Programmatic" meansDataset
Apr 2011, McKinsey QuarterlyNo winning pattern: size and frequency distributions "widely distributed and overlapping"Top 1,000 by market cap; 917 firms, 30,000+ deals
Jan 2012, McKinsey QuarterlyMany small deals totalling 19% or more of market cap over the decade: the cutoff is the sample's own medianTop 1,000 nonbanking; 15,000+ deals
May 2018, HBRAt least one deal a year, cumulatively more than 30% of market cap over 10 years, no single deal above 30%2,393 largest corporations, 2010–2014
Jul 2019, McKinsey QuarterlyMore than two small or midsize deals a year, median 15% of market cap acquired"Global 1,000", 2007–2017
Oct 2021, fn. 3More than two small or midsize deals a year, total acquired "meaningful (median of 19 percent)""Global 2,000"
Oct 2021, fn. 4: same article"A minimum of two small or midsize deals a year, with meaningful market capitalization acquired (20 percent to 30 percent)""Global 2,000"
Mar 2022 / Aug 2023No threshold stated: "multiple small or medium-size acquisitions""Global 2,000"

Swipe or scroll horizontally if the table is wider than your screen.

Cite Embed

Reference & Evidence

Source: Author's assembly from the cited documents' own text and footnotes: Cottin, Rehm & Uhlaner (2011); Rehm, Uhlaner & West (2012), fn. 3; Bradley, Hirt, Smit & West (2018); Rudnicki, Siegel & West (2019), fn. 2; Daume, Lundberg, McCurdy, Rudnicki & Wol (2021), fn. 3 and fn. 4; Daume, Lundberg, Montag & Rudnicki (2022); Daume, Lian & McCurdy (2023). Definitions quoted or condensed from prose and footnotes only.

Related exhibits