What are the benefits of mergers and acquisitions?
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- reduction in competitive intensity: changes industry structure
- lower costs: economy of scale
- Increased differentiation: fills product gaps
,What is meant by co-opetition and the learning race, as they relate to strategic
alliances?
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- Co-opetition: cooperation by competitors to achieve a strategic objective
- Learning Race: situations where both partners in a strategic alliance are
motivated to form an alliance for learning, but the rate at which the firms
learn may vary.
--example) Toyota & GM - alliance w/ competitor
whoever learned what they need to learn first, Toyota, dissolved the
alliance and exited the race
What is managerial hubris?
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Ego
a form of self-delusion in which managers convince themselves of their
superior skills in the face of clear evidence to the contrary.
Equity alliance
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- one partner takes partial equity stake in other (GM/Lyft)
, The roles of banks and analysis in external governance control
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conduct and publish in-depth studies of firms
Acquisitions
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- purchase of one company by another
- can be friendly / unfriendly (hostile)
Understand the Build-Borrow-Buy framework and be able to discuss its implications
for decisions on acquiring resources and capabilities
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a conceptual model that aids strategic leaders in deciding whether to
pursue internal development (build), enter a contractual arrangement or
strategic alliance (borrow), or acquire new resources, capabilities, and
competencies (buy)
In the agency problem, ________________ are the agents
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- reduction in competitive intensity: changes industry structure
- lower costs: economy of scale
- Increased differentiation: fills product gaps
,What is meant by co-opetition and the learning race, as they relate to strategic
alliances?
Give this one a try later!
- Co-opetition: cooperation by competitors to achieve a strategic objective
- Learning Race: situations where both partners in a strategic alliance are
motivated to form an alliance for learning, but the rate at which the firms
learn may vary.
--example) Toyota & GM - alliance w/ competitor
whoever learned what they need to learn first, Toyota, dissolved the
alliance and exited the race
What is managerial hubris?
Give this one a try later!
Ego
a form of self-delusion in which managers convince themselves of their
superior skills in the face of clear evidence to the contrary.
Equity alliance
Give this one a try later!
- one partner takes partial equity stake in other (GM/Lyft)
, The roles of banks and analysis in external governance control
Give this one a try later!
conduct and publish in-depth studies of firms
Acquisitions
Give this one a try later!
- purchase of one company by another
- can be friendly / unfriendly (hostile)
Understand the Build-Borrow-Buy framework and be able to discuss its implications
for decisions on acquiring resources and capabilities
Give this one a try later!
a conceptual model that aids strategic leaders in deciding whether to
pursue internal development (build), enter a contractual arrangement or
strategic alliance (borrow), or acquire new resources, capabilities, and
competencies (buy)
In the agency problem, ________________ are the agents
Give this one a try later!
