This article by Franco Carlo Papa (Chairman of PGS Consulenti) and Luca Sala (Partner of PGS Consulenti) argues that current actions taken by companies to focus on core business, eliminate inefficiencies and restructure debt might not be sufficient in the current competitive environment. M&A activity is instead required, in which entrepreneurs need to abandon their obsession with control, developing a new type of cooperation across a range of areas including obtaining new financial resources.