Haspeslagh & Jemison (1991)

Question 1

Examination of strategic management of acquisitions – a process perspectives

Answer 1

Corporate acquisitions are intended to develop organizational capabilities, which can be created only through careful management of the acquisition process.

Question 2

Creating value through corporate renewal

Focus on:

Answer 2

• Developing capabilities
• Preservation on existing abilities
• Transfer of skills
• In-depth examination of intraorganizational dynamics and interactions Issues like conflict, change or dislocation go to strategic management.

Question 3

low autonomy + low strategic interdependency
high autonomy + low strategic interdependency
low autonomy + high strategic interdependency
high autonomy + high strategic interdependency

Answer 3

• low autonomy + low strategic interdependency = holding company
• high autonomy + low strategic interdependency = preservation
• low autonomy + high strategic interdependency = absorption
• high autonomy + high strategic interdependency = symbiosis

Question 4

Preservation
Absorption
Symbiotic

Answer 4

Preservation: To keep the identity and autonomy of the target firm. Value in growth
Absorption: rapid consolidation and rationalization, value in operational synergies
Symbiotic: balance between interdependencies and autonomy, slow and find synergies