Description
This book reviews the past 116 Japanese outbound acquisitions in three decades and determines success and failure, with the goal of explaining what works. Dr. Matsumoto emphasizes that such acquisitions are part of a long-term strategy and should not be judged based short-term gains and losses, especially short-term changes in company stock prices. The book also highlights common pitfalls hidden within the expected benefits of these overseas acquisitions.
Dr. Matsumoto provides valuable insights for executives, corporate managers working on strategy, finance and overseas development, practitioners, researchers and MBA students trying to succeed in cross border merger and acquisitions using 16 case studies and careful investigation.
Table of Contents
1. Introduction.- 2. The Five Pitfalls.- 3. The Track Record of Japanese Companies.- 4. The Causes of Failure: Case Studies of Eight failed acquisitions ending in a sale or withdrawal at a loss.- 5. The Nature of Failure: .- 6. Case Studies of Eight Successful Deals that Realized Sustainable Profit Growth after Acquisitions.- 7. A model of M&A -– Lessons from IBM’s Local Company Management.- 8. What Should Be Done to Succeed?.- 9. Three Lessons for Success.
