16276557
Description
Flashcards by Nils von der Heide, updated more than 1 year ago
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Created by Nils von der Heide
almost 6 years ago
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| Question | Answer |
| Name three types of corporate growth modes! | - Internal development - Cooperation - Acquisition |
| Name three dimensions of growth! | - Product - Regional - Functional |
| Name motivations for a M&A from a shareholders perspective! | - sales synergies - cost synergies - financial synergies - restructuring |
| Name motivations for a M&A from a managers perspective! | - Power - Job protection |
| Name the directions where a company can grow and an example each! | - vertical (backwards: supplier, forwards: customer) - horizontal (competitor) - lateral (no business relationship) |
| How can the acquisitions be categorized in terms of value chain relatedness? | - concentric (horizontal) - related (vertical) - conglomerate (lateral) |
| Name the categories for an M&A for following criterias: regional dimension, takeover attitude, payment | Regional Dimension: domestic, cross-border Takeover attitude: friendly, hostile Payment: cash, shares |
| Name positive and negative influencing factors for a successful M&A! | + : - Acquisition relatedness - Experience with Acquisitions - : - stock offer - hostile takeover - past performance (acquirer) |
| Name the three phases of an acquisitions process as well as the pre- and post acquisition activities! | Pre: Defining Objectives 1. Acquisition Planning 2. Take-Over 3. Integration Post: Company Restructuring |
| Name three integration forms of an acquired firm! | - Holding (just vertical intervention) - Symbiosis (complete merger in all domains) - Absorption (integration of several business units) |
| There are five different planes (dimensions) of integration, name them! | SOCES: - strategic - organizational - cultural - external - system |
| How do you create net value in an Acquisition? | Value Acquirer + Value Target + Potential for Value Creation (synergies) - cost of value creation = Net Value Creation |
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