Description
Springer Synergy Value and Strategic Management Inside the Black Box of Mergers and Acquisitions by Stefano Garzella, Raffaele Fiorentino
This book addresses synergy management, which poses an important challenge for firms, advisors and practitioners involved in mergers and acquisitions (M&A). Synergy plays a key role in M&A contexts, both in the decision-making process and, subsequently, in the integration phase. However, despite the fact that synergy value is commonly regarded as one of the key success factors in M&A, research shows that firms generally fail to achieve the expected synergy. _x000D__x000D__x000D__x000D_The extant literature is characterized by a lack of comprehensive models of synergy management: the assessment of synergy value remains a "black box" for scholars and practitioners alike. The authors provide a comprehensive framework for synergy management by integrating findings from prior research and various disciplines. The framework highlights the main dimensions of synergy management in mergers and acquisitions, common pitfalls, and new models and tools for avoiding them. As such, the book enriches the M&A literature, offers new insights for scholars, and provides valuable guidelines for practitioners involved in synergy management._x000D_ Table of contents :- _x000D_
Introduction_x000D_
1. M&A success and failure: the role of synergy management1.1. Strategic management, growth strategies, and M&As1.2. The role of synergy in mergers and acquisitions1.3. The synergy: an important motivation of M&As1.4. The synergy: an aim difficult to realize1.5. The synergy: the risks _x000D_
2. Inside synergy assessment: towards the real value of M&As2.1. The value of synergy2.2. The strategic factors affecting synergy2.3. The synergy valuation models2.4. The assessment of synergy value _x000D_
3. Synergy management: from pitfalls to value 3.1. The synergy pitfalls3.2. The management of synergy pitfalls3.3. How to overcome synergy pitfalls: tools and actions3.4. The synergy statement_x000D_
Conclusions_x000D_
div>_x000D_