The Art of M&A Strategy

<p><b>Seize the competitive advantage with today's most powerful strategic tool-M&A</b></p><p><i>Given the influence of technology globalization and regulatory change M&A will continue to shape our industries. For most companies therefore the consideration of M&A in strategy is now fundamental.</i><br/>-from the Introduction to Part I</p><p><i>The Art of M&A Strategy</i> is exactly what you need to build mergers acquisitions and divestitures into your overall business strategy-to make M&A a competitive advantage and avoid landing on the long list of M&A failures.</p><p>Experts in the field of M&A Smith and Lajoux demystify this otherwise complex subject by taking you through the types of M&A strategy and the key steps to successful M&A strategy development and implementation. <i>The Art of M&A Strategy</i> is conveniently organized into three sections:</p><ul> <li><b>Part I</b> presents a range of possible corporate strategy situations and provides the role and rationale for M&A in each such as building and managing a portfolio participating in industry consolidation spurring corporate growth and using acquisitions to create real options.</li><li><b>Part II</b> outlines how to determine the role of M&A in your strategy-taking into consideration industry context competitive imperatives and strategy options-and explains how to find and screen partners decide whether to buy or sell and engage the board of directors in M&A decisions.</li><li><b>Part III</b> covers M&A as a sustained corporate program particularly in the context of international growth outlining the most strategic aspects of post-merger integration describing how to use advisors throughout the process and examining core competencies required for successful M&A programs.</li></ul><p>The authors illuminate the purpose and process of applying M&A with real-world success stories involving Cisco GE Google and many other companies that have leveraged M&A for strategic success. Use <i>The Art of M&A Strategy</i> to create a powerful strategy position for success in today's changing business environment and to seize and hold competitive advantage.</p>