Deutsche management focus

Nigel Ridge, manager of the Deutsche UK Blue Chip fund believes quality of management will remain the most important factor in determining the future success of companies. Businesses are changing faster than ever before driven by the developments in new technology. Technology is also lowering the barriers to entry in many markets, therefore only companies that can preserve pricing power are likely to prosper, he said. Companies will fail if the management is unwilling to embrace change, according to Ridge. He said as many of the business models are not yet proven, it is important to iden...