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One prominent distinction is in the proportion of a parasite that grows internally versus externally to the host.
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"It's clear that you cannot stay in the top league if you only grow internally," says Vasella. "You cannot catch up just by internal growth.
It has been highlighted that growth is a function of the decisions an entrepreneur makes, like how to grow internally or externally and where to grow in domestic market or international market.
MANAGEMENT MODELS Is there a formal model that companies can follow to grow internally?
BofA is now over the limit and may now expand only by growing internally.
In the past, the firm has tended to grow internally, making only small acquisitions.
With this groundwork done, he said, the future means "growing internally, focusing on Valentino, plus some other acquisitions".
"I'm not against an IPO in principle," he says, "but we have the ability to grow internally".
After the mistletoe has grown internally for about a year, the branch may start to form a witches'-broom.
Over the last two years, Microsoft, based in Redmond, Wash., has spent roughly $8 billion on Internet buyouts, as well as $500 million trying to grow internally.
Hewlett-Packard, he says, will be better off focusing on its current businesses, and should grow internally and through smaller acquisitions to fill in gaps in its business.
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