February 2025 · 18 min read
The Profitability Trap: Why Growth Without Architecture Destroys Value
Most mid-market growth strategies optimise for revenue and ignore structural cost. Over 12 years and 80+ strategy engagements, Apex has identified a consistent pattern: companies that grow without deliberate architectural choices routinely destroy value even as revenue rises. This paper examines the trap, the evidence, and the antidote.
Jonathan Marsh & Dr. Elena Vasquez
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