When to think alliance
Equity markets judge mergers, acquisitions, and alliances quickly-and often harshly. The authors’ study of 2,100 companies shows that the stock market responds sharply to announcements of mergers or alliances, that it favors some types of transactions over others, and that this market response is a good indicator of a deal’s long-term prospects. In volatile, fast-moving industries, such as electronics, software, and the mass media, alliances … [ Read more ]
Content: Article | Authors: David Ernst, Tammy Halevy | Source: McKinsey Quarterly | Subject: Strategy
A Future for E-Alliances
Are e-alliances a fad of the past? Speed and scale remain important in the post-New-Economy world, and alliances are often a faster and less capital-intensive way of gaining access to products, customers, and business capabilities than building them from scratch. But the stakes are now much higher, and the market is less forgiving. How can you raise the odds an alliance will succeed? To answer … [ Read more ]
Content: Article | Authors: David Ernst, Hugo Sarrazin, Jean-Hugues J. Monier, Tammy Halevy | Source: McKinsey Quarterly | Subject: Strategy