下载此文档

西交大MBA战略管理讲义7.ppt


文档分类:研究生考试 | 页数:约15页 举报非法文档有奖
1/15
下载提示
  • 1.该资料是网友上传的,本站提供全文预览,预览什么样,下载就什么样。
  • 2.下载该文档所得收入归上传者、原创者。
  • 3.下载的文档,不会出现我们的网址水印。
1/15 下载此文档
文档列表 文档介绍
Chapter 7
Acquisition and Restructuring Strategies
拇堪洼牢颧普厂径溯碌胎临呢贬谦会胶催鲁疹钒胀缕奸梨钱豌宜响石倾孕西交大MBA战略管理讲义7西交大MBA战略管理讲义7
Mergers and Acquisitions
Merger
A transaction where two firms agree to integrate their operations on a relatively coequal basis because they have resources and capabilities that together may create a petitive advantage
Acquisition
A transaction where one firm buys another firm with the intent of more effectively using a petence by making the acquired firm a subsidiary
Takeover
An acquisition where the target firm did not solicit
(恳求) the bid of the acquiring firm
向鬼帚蜗梯闭碟但缓猴漠折肋余抨雇喝素段袖专联式筋视铱璃踪遮兰楔征西交大MBA战略管理讲义7西交大MBA战略管理讲义7
Problems in
Achieving ess
Integration
difficulties
Inadequate
evaluation of target
Too much
diversification
Large or
extraordinary debt
Inability to
achieve synergy
Managers overly
focused on acquisitions
Too large
Increased
market power
e
entry barriers
Lower pared to developing new products
Cost of new
product development
Increased speed
to market
Increased
diversification
Avoid petition
Acquisitions
Reasons for
Acquisitions
征挽棱郴锦腆对葬蜂黑抡敞瘁唯薛晃扔翅敖劈壹鸟劳润睁职环遗堰虽浴梁西交大MBA战略管理讲义7西交大MBA战略管理讲义7
Reasons for Acquisitions
Example: Belgian-Dutch Fortis’ acquisition of American Banker’s Insurance Group
Example: acquired
Example: British Petroleum’s acquisition of . Amoco
Increased Market Power
Acquisition intended to reduce petitive balance of the industry
e Barriers to Entry
Acquisitions e costly barriers to entry which may make “start-ups” economically unattractive
Buying established businesses reduces risk of start-up ventures
Lower Cost and Risk of New Product Development
乐笺赫侦略沂田诈溅啊增安力收惨遇笛霜佰篇千阴冈诈士骤铲孜奴撼优网西交大MBA战略管理讲义7西交大MBA战略管理讲义7
Example: Nortel’s acquisition of works
Example: Kraft Food’s acquisition of Boca Burger
Example: JiaoDa’s acquisition of Caiyuan
Reasons for Acquisitions
Increased Speed to Market
Closely related to Barriers to Entry, allows market entry in a more timely fashion
Diversificat

西交大MBA战略管理讲义7 来自淘豆网www.taodocs.com转载请标明出处.

非法内容举报中心
文档信息
  • 页数15
  • 收藏数0 收藏
  • 顶次数0
  • 上传人fy3986758
  • 文件大小0 KB
  • 时间2015-11-15