-
Strategic Secret of Private Equity
Finance & Accounting Magazine ArticleThe huge sums that private equity firms make on their investments evoke admiration and envy. Typically, these returns are attributed to the firms' aggressive... -
SPACs: What You Need to Know
Finance & Accounting Magazine ArticleSpecial purpose acquisition companies, or SPACs, have been around in various forms for decades, but during the past two years they've taken off in the... -
Stock or Cash?: The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions
Accounting Magazine ArticleCompanies are increasingly paying for acquisitions with stock rather than cash. But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal. -
Strategic Analysis for More Profitable Acquisitions
Financial analysis Magazine ArticleLess than a decade after the frantic merger activity of the late 1960s, we are again in the midst of a major wave of corporate acquisitions. In contrast to the 1960s, when acquirers were mainly freewheeling conglomerates, the merger movement in the 1970s includes such long-established giants of U.S. industry as General Electric, Gulf Oil, […] -
Whole Foods Is Becoming Amazon's Brick-and-Mortar Pricing Lab
Sales & Marketing Digital ArticleAnd changing how Americans think about the cost of healthy food. -
The Board View: Directors Must Balance All Interests
Organizational Development SpotlightIn "The Board View: Directors Must Balance All Interests," Barbara Hackman Franklin, an expert in corporate governance, proposes important changes boards... -
Capturing the Real Value in High-Tech Acquisitions
IT management Magazine ArticleMany high-tech companies looking for hot new products have caught acquisition fever. Smart buyers keep their eye on building the right long-term capabilities, which often means keeping the right people. -
All the Wrong Moves
Decision making and problem solving Magazine ArticleNutrorim’s best-selling sports supplement has been recalled because of a “new and improved” ingredient. The company’s CEO wonders: Why do the decisions we make keep coming back to haunt us? -
Using M&A to Increase Your Capacity for Growth
Mergers and acquisitions Digital ArticleStart by choosing the right target. -
Evaluate M&As the Right Way
Laurence Capron, professor at INSEAD, explains why companies need to balance mergers and acquisitions with organic growth. -
Don't Integrate Your Acquisitions, Partner with Them
Strategy & Execution Magazine ArticleA takeover usually signals the demise of one of the two corporations involved in the tussle - no prizes for guessing which one. Breaking with this practice,... -
Using APV: A Better Tool for Valuing Operations
Finance & Accounting Magazine ArticleFor the past 25 years, managers have been taught that the best practice for valuing assets--that is, an existing business, factory, product line, or market... -
Trouble in Paradise (HBR Case Study and Commentary)
Global Business Magazine ArticleMike Graves, the general manager of a U.S. apparel company's 50/50 joint venture with a Chinese manufacturer, has made the joint venture into a big success,... -
Are You Paying Too Much for That Acquisition?
Mergers and acquisitions Magazine ArticleThe key is knowing what your top price is—and having the discipline to stick to it. -
What’s Your Real Cost of Capital?
Budgets and budgeting Magazine ArticleThe traditional approach to evaluating capital investments has a fatal flaw. Here’s how to get numbers you can count on. -
Who Goes, Who Stays? (Commentary for HBR Case Study)
Leadership & Managing People Magazine ArticleThe merger announcement between DeWaal Pharmaceuticals and BioHealth Labs was front-page news. Two months later, the press had moved on to a new story,... -
The Data: Where Long-Termism Pays Off
Organizational Development SpotlightIn "The Data: Where Long-Termism Pays Off," five charts reveal how long-term-focused companies surpass their short-term-focused peers on several important... -
Divestiture: Strategy's Missing Link (HBR OnPoint Enhanced Edition)
Strategy & Execution Magazine ArticleAlthough most companies dedicate considerable time and attention to acquiring and creating businesses, few devote much effort to divestitures. But regularly... -
IBM and Apple: From Rivals to Partners in 30 Years?
Mergers and acquisitions Digital ArticleWhat they should have learned from past experience. -
Shareholder Votes for Sale
Corporate communications Magazine ArticleWhatever you think of Carly Fiorina’s management style, she is a shrewd tactician. In the acrimonious proxy battle surrounding the 2002 Hewlett-Packard–Compaq merger, the promerger group, headed by the former HP CEO, squeaked by the antimerger dissidents with less than a 1% margin. But before Fiorina’s side could claim victory, the dissidents brought suit, accusing […]
-
Allianz (D2): The Dresdner Transformation
Strategy & Execution Case Study5.00View Details Supplements the (A) case. -
Walmart - Flipkart Deal: In Search of Stability
Leadership & Managing People Case Study8.95View Details In May 2018, US-based multinational retail giant Walmart Inc. (Walmart) took control of India's biggest e-commerce platform Flipkart Internet Private... -
Privatization of Li & Fung: Rationales and Implications
Finance & Accounting Case Study8.95View Details This case explores the corporate finance issues arising from the privatization of Li & Fung Limited (Li & Fung, prior stock code: 494.HK) in May 2020.... -
Bay State Milling Co.
Strategy & Execution Case Study8.95View Details Flour milling in recent years has had a great deal of consolidation. The fourth generation of a privately held firm is debating how to protect themselves... -
Eddie Bauer (C)
Finance & Accounting Case Study5.00View Details The Eddie Bauer (B) case describes the events leading up to February 2007, when shareholders of Eddie Bauer, the specialty apparel retailer, were scheduled... -
TruthCRM Competitive Auction in Mergers and Acquisitions: Instructions for Tank Software Team
Management Case Study8.95View Details The TruthCRM case provides students with an interactive simulation of the competitive auction process to maximize value for a company involved in an acquisition.... -
Sizmek Chapter 11: Surviving Walled Gardens in Their Ad Tech Empire
Sales & Marketing Case Study8.95View Details This case provides a post-mortem of the advertising technology (adtech) company Sizmek. Sizmek grew via multiple acquisitions, with the vision of becoming... -
Maytag: Takeover Strategies
Finance & Accounting Case Study8.95View Details On April 22, 2005, Maytag Corporation's stock price fell 28 percent after the company reported disappointing first-quarter results and significantly reduced... -
GPS & Vision Express (A)
Strategy & Execution Case Study8.95View Details In the summer of 1997, the executive team of GPS, a very successful French retailer in the one-hour photo finishing and one-hour eyewear business, is... -
Canadian Pacific's Bid for Norfolk Southern
Finance & Accounting Case Study8.95View Details In December 2015, Canadian Pacific Railroad (CPR) has just made its third bid to acquire Norfolk Southern Corporation (NSC), one of the largest railroads... -
SAGASCO Holdings Limited
Finance & Accounting Case Study8.95View Details In the summer of 1993, Australia's Trade Practices Commission was considering whether or not to permanently enjoin Santos Limited from acquiring SAGASCO... -
TELUS: The Public Mobile Brand Acquisition Decision
Sales & Marketing Case Study8.95View Details TELUS Communications (TELUS) acquired Public Mobile Holdings Inc., a small, money-losing, wireless carrier that operated in the lower, price-sensitive... -
Note on Mergers and Acquisitions and Valuation
Finance & Accounting Case Study8.95View Details The object is to define what is meant by mergers and acquisitions and to understand why they happen. The impact of these deals on shareholders of both... -
Future Retail: Acquisition Spree and Beyond
Sales & Marketing Case Study8.95View Details Future Retail Limited (Future Retail) had a unique business model and an aggressive growth strategy that helped to make it India's largest retailing organization.... -
Ben & Jerry's Homemade, Inc. (A): Acquisition Suitors at the Door
Innovation & Entrepreneurship Case Study8.95View Details Ben Cohen and Jerry Greenfield were best friends and socially conscious entrepreneurs when they founded Ben & Jerry's Homemade in the 1970s in Burlington,... -
Alcoa's Bid for Alcan (B)
Strategy & Execution Case Study5.00View Details In spring 2007, Alcoa CEO Alain Belda was concerned about the company's market position in light of increased competition from developing markets. China's... -
Consolidation of Highly Fragmented Service Industries, Module Note
Technology & Operations Case Study8.95View Details Designed to familiarize students with the consolidation of highly fragmented labor-dependent service industries, offering insights into service firm growth... -
Buffett's Bid for Media General's Newspapers
Finance & Accounting Case Study8.95View Details On May 12, 2012, BH Media Group, a subsidiary of Warren Buffett's Berkshire Hathaway, announced an offer to buy Media General's (MEG) newspaper division... -
Procter & Gamble 2000 (B)
Innovation & Entrepreneurship Case Study5.00View Details Supplements the (A) case.
-
Strategic Secret of Private Equity
Finance & Accounting Magazine ArticleThe huge sums that private equity firms make on their investments evoke admiration and envy. Typically, these returns are attributed to the firms' aggressive... -
SPACs: What You Need to Know
Finance & Accounting Magazine ArticleSpecial purpose acquisition companies, or SPACs, have been around in various forms for decades, but during the past two years they've taken off in the... -
Stock or Cash?: The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions
Accounting Magazine ArticleCompanies are increasingly paying for acquisitions with stock rather than cash. But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal. -
Allianz (D2): The Dresdner Transformation
Strategy & Execution Case Study5.00View Details Supplements the (A) case. -
Strategic Analysis for More Profitable Acquisitions
Financial analysis Magazine ArticleLess than a decade after the frantic merger activity of the late 1960s, we are again in the midst of a major wave of corporate acquisitions. In contrast to the 1960s, when acquirers were mainly freewheeling conglomerates, the merger movement in the 1970s includes such long-established giants of U.S. industry as General Electric, Gulf Oil, […] -
Future Retail: Acquisition Spree and Beyond - Teaching Note
Sales & Marketing Digital ArticleTeaching note for case W19004 -
Walmart - Flipkart Deal: In Search of Stability
Leadership & Managing People Case Study8.95View Details In May 2018, US-based multinational retail giant Walmart Inc. (Walmart) took control of India's biggest e-commerce platform Flipkart Internet Private... -
Privatization of Li & Fung: Rationales and Implications
Finance & Accounting Case Study8.95View Details This case explores the corporate finance issues arising from the privatization of Li & Fung Limited (Li & Fung, prior stock code: 494.HK) in May 2020.... -
Bay State Milling Co.
Strategy & Execution Case Study8.95View Details Flour milling in recent years has had a great deal of consolidation. The fourth generation of a privately held firm is debating how to protect themselves...