Lecture 6- Mergers, acquisitions & alliances

One strategic method that organisations can pursue or consider is . This is strategy pursued by on & an organisation’s own

One advantage of organic development is & can be enhanced

Another advantage of organic development is spreading over time which means it is

Third advantage of organic development is no constraints so there is no need to search for or

Fourth advantage of organic development is independence so there is less need to make or accept

Fifth advantage of organic development is so activities with less of clash

& are concerned with of (or ) organisations

Merger- of previously organisations in order to form

Acquisition is achieved by purchasing in target company. Friendly acquisition is where target’s management accepting acquirer’s . Hostile acquisition is where management refuse acquirer’s

Motives for mergers & acquisitions can be , or

One strategic motive for mergers & acquisitions is . This is of firm in terms of , or

Another strategic motive for mergers & acquisitions is . This is increasing , &

Third strategic motive for mergers & acquisitions is . This is enhancing know-how (or other )

One financial motive for mergers & acquisitions is . Company with balance sheet () may acquire/merge with company with balance sheet ()

Another financial motive for mergers & acquisitions is . This involves combined burden

Third financial motive for mergers & acquisitions is or . This involves off bits of acquired company to maximise

One managerial motive for mergers & acquisitions is . incentives tied to short-term or targets, boosting personal & giving friends & colleagues greater or better (& therefore helping to strengthen their )

Another managerial motive for mergers & acquisitions is . Managers may be branded as if they don’t follow an M&A trend, shareholder to merge or acquire & company may itself become