User:Davidmiller676/Modern Due Diligence

Modern Due Diligence Modern Due Diligence is the term created by Charles Francis Bacon to differentiate new forms of due diligence vs. older, traditional forms of due diligence. Modern Due Diligence is based on Due Diligence Standards and scientific methodologies, as opposed to traditional due diligence, the large majority of which are checklists and other simplistic forms that are not based on any standardized, normalized or scientific methods. The shortcomings of traditional due diligence are well-known. For instance, in the mergers & acquisitions sector, dozens of references exist from Harvard Business Review to McKinsey showing how 2/3 of all traditional due diligence work fails.