Most total reported corporate growth still comes from the core; only 20 percent comes from adjacent and breakout businesses.
Share of total revenue growth, 2016–2021, %, (n = 1,680)
Growth from adjacencies and new business building
Growth in core
¹
10
90
Industrials
10
90
Healthcare
11
89
Life sciences
14
86
Business services
16
84
Materials
17
83
Travel, logistics, and infrastructure
18
82
Tech, media, and telco
19
81
Consumer
29
71
Energy
19
81
Grand total
¹
Core business is defined as largest business segment in 2016.
Source: Capital IQ, McKinsey Corporate Performance Analytics™
McKinsey & Company