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Diseases such as HIV/AIDS, malaria, and tuberculosis claim six million lives annually and have devastated economic growth in some areas of the world. Clearly, no effective long-term response to these maladies can take root without collaboration between corporations and the public sector. Executives must not ignore the risk such epidemics pose, and public-health efforts should welcome contributions from private businesses, which can offer not only money but also marketing and distribution skills, product-development expertise, and intellectual property.
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Companies that divest during downturns may actually miss the best opportunities for growth. A thoughtful acquisition strategy can sometimes be the surer bet.
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