Strategic corporate alliances : a study of the present, a model for the future

書誌事項

Strategic corporate alliances : a study of the present, a model for the future

Louis E.V. Nevaer and Steven A. Deck

Quorum Books, 1990

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注記

Includes bibliographical references (p. [201]-203) and index

内容説明・目次

内容説明

In a timely and important contribution to the management literature, Louis Nevaer and Steven Deck take a careful, critical look at the various forms of corporate restructurings prevalent today-alliances, mergers, and acquisitions-and at their long-term implications for the structure of corporate America. Taking issue with those who see the takeover frenzy as revitalizing American industry, the authors argue that instead the takeover business is weakening American industry and accelerating America's decline in the global economy. They analyze the opportunity costs being incurred by both individual firms and the entire nation through the wave of takeover activity in the 1980s, demonstrating that the large debts taken on by corporate America to either finance or fend off takeovers has hampered America's ability to compete effectively in world markets. The authors then identify the essential criteria for a truly successful alliance, merger, or acquisition and suggest models for such restructurings in the future. Divided into five principal sections, the volume begins by examining the failure of current alliance, merger, and acquisition strategies. The authors discuss the economic effects of restructurings on stakeholders and employees and look at the post-acquisition financial performance of the new corporate entities. The next three sections present in-depth analyses of alliances, mergers, and acquisitions. For each type of restructuring, the authors identify and assess the management strategies commonly pursued and offer extended case-study examples of failed and successful strategies. In the final section, the authors point the way toward more effective strategic alliances. They explore selection strategies that can help ensure a successful alliance, discuss the critical area of market planning, and offer a model for the future based upon the real-world alliance between Vulcan Materials and Calizas Industriales del Carmen. Investment bankers, corporate executives, and mergers and acquisitions specialists will find this a balanced and constructive critique of the process of corporate restructuring that is today such an integral feature of the contemporary business scene.

目次

Introduction The Failure of Alliance, Merger, and Acquisition Strategies Economic Effects Financial Performance Alliances Management Strategies for Alliances A Failed Alliance: Pacific Telesis-Kaiser Engineers A Successful Alliance: Bechtel-EPRI-U.S. Department of Defense Mergers Management Strategies for Mergers A Failed Merger: Moet-Hennessey- Louis Vuitton A Successful Merger: Informix Software-Innovative Software Acquisitions Management Strategies for Acquisitions A Failed Acquisition: BankAmerica-Charles Schwab & Company A Successful Acquisition: Consolidated Freightways-Emery Air Freight Corporation Toward Strategic Alliances Selection Strategies Market Area Planning A Model for the Future: Vulcan Materials and Calica Summary Select Bibliography Index

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