The art of M&A strategy : a guide to building your company's future through mergers, acquisitions, and divestitures

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書誌事項

The art of M&A strategy : a guide to building your company's future through mergers, acquisitions, and divestitures

Kenneth Smith, Alexandra Reed Lajoux

McGraw-Hill, c2012

大学図書館所蔵 件 / 全3件

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注記

Includes index

内容説明・目次

内容説明

Seize the competitive advantage with today's most powerful strategic tool-M&A "Given the influence of technology, globalization, and regulatory change, M&A will continue to shape our industries. For most companies, therefore, the consideration of M&A in strategy is now fundamental." -from the Introduction to Part I The Art of M&A Strategy is exactly what you need to build mergers, acquisitions, and divestitures into your overall business strategy-to make M&A a competitive advantage and avoid landing on the long list of M&A failures. Experts in the field of M&A, Smith and Lajoux demystify this otherwise complex subject by taking you through the types of M&A strategy and the key steps to successful M&A strategy development and implementation. The Art of M&A Strategy is conveniently organized into three sections: Part I presents a range of possible corporate strategy situations and provides the role and rationale for M&A in each, such as building and managing a portfolio, participating in industry consolidation, spurring corporate growth, and using acquisitions to create "real options."Part II outlines how to determine the role of M&A in your strategy-taking into consideration industry context, competitive imperatives, and strategy options-and explains how to find and screen partners, decide whether to buy or sell, and engage the board of directors in M&A decisions.Part III covers M&A as a sustained corporate program, particularly in the context of international growth, outlining the most strategic aspects of post-merger integration, describing how to use advisors throughout the process, and examining core competencies required for successful M&A programs. The authors illuminate the purpose and process of applying M&A with real-world success stories involving Cisco, GE, Google, and many other companies that have leveraged M&A for strategic success. Use The Art of M&A Strategy to create a powerful strategy position for success in today's changing business environment and to seize and hold competitive advantage.

目次

Part I How M&A Creates Value in Strategy Chapter 1 Building and Managing a Portfolio of Businesse Chapter 2 Consolidation: Value in Cost Synergies Chapter 3 Expansion Strategy: Value in Revenue Growth Chapter 4 Real Options in M&A Part II Development and Execution of M&A Strategy Chapter 5 M&A in Strategic Planning Chapter 6 Searching, Screening, and Selection Chapter 7 To Be a Buyer or a Seller? Chapter 8 The Director's Role in M&A PART III When the M&A Program is Central to Strategy Chapter 9 Global Industry Restructuring Chapter 10 The Role of Postmerger Integration in M&A Strategy Chapter 11 Building a Sustainable M&A Program with the Help of Advisors Chapter 12 M&A as a Core Competence Conclusion Appendix I.1 On the Success and Failure of Major Deals Appendix II.1 Suggested Readings in Strategy and Strategic Planning Methodologies Appendix II.2 Wheel of Opportunity/Fit Chart with Illustrative Delphi Scoring Appendix II.3 Information Sources and Tips for Target Screening Appendix II.4 NACD Guidance on the Board's Role in M&A and Strategy Appendix III.1 Public Policy and Corporate Growth: Selected SECOR Consulting Case Studies Regarding the Role of Public Policy in International M&A Index

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