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This book provides an engaging exploration of how corporate strategy and restructuring can significantly shape the competitiveness of firms.
Corporations - firms with more than one business unit - require managers deciding how best to allocate resources to ensure the overall corporation thrives. This book provides a concise yet holistic and dynamic approach to corporate restructuring measures, such as alliances, R&D investments, acquisitions, as well as exiting businesses. Successful corporate restructuring requires balancing several challenges and allows managers to adjust how a corporation relates to external trends, such as globalization, rapid technical development, competitive change, and to stakeholders. Corporate strategy is not a fixed solution to challenges; rather, corporations need to build a multi-relational and flexible restructuring capability. Chapters offer a practical account of the key challenges and tools of corporate strategists and are illustrated with real-life cases and data sets from both emerging and established markets across different countries. Each chapter includes discussion questions, key terms, and end of chapter summaries.
Essential for advanced undergraduate and postgraduate students studying corporate strategy, corporate governance, and international business.
Online resources include chapter-by-chapter slides and teaching notes, including answers to discussion questions.
List of contents
1. Competitiveness through Corporate Restructuring 2. The Role of the Corporate Headquarters 3. Research and Development 4. Capital Investment 5. Non-Equity Alliances 6. Equity alliances 7. Joint Ventures 8. The Pre-Acquisition Phase 9. M&A Completion 10. The M&A Integration Phase 11. Business Groups 12. Divestment 13. Bringing It All Together
About the author
Svante Schriber is professor of Business Administration at Stockholm Business School, Sweden. He received his PhD at the Stockholm School of Economics after a career in consulting. His research centers on strategic management, especially how firms can develop capabilities to handle dynamic dynamics, and how to successfully pursue non-organic growth. His main research focus has been on mergers and acquisition target evaluation and integration.
David R. King is the Higdon Professor of Management at Florida State University where he teaches undergraduate and graduate business strategy. He earned his PhD in strategy and entrepreneurship from Indiana University's Kelley School of Business. Dave's research focuses on complementary resources, and merger and acquisition (M&A) integration and performance.
Florian Bauer is a professor of strategy at the University of Bristol Business School, UK. His research focusses on sustainable corporate development and particularly on non-organic approaches, such as M&A, for transformation. He is an engaged scholar and regularly involved in acquisition projects of large and medium sized businesses. Further, he is a board member of the German M&A Association and a Co-Founder of MADiscover, a company focused on digitalizing target screening.
