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Stonehouse et al. (2004)Management > Global Strategic Management > Lectures > Independent Research > Stonehouse et al.
Stonehouse et al. (2004) - Managing Global Mergers, Acquisitions and AlliancesExternal growthPortfolio perspective - benefits include the integration and leveraging of financial resources, entry into new businesses and markets, and the spreading of risks. Increases the ability to respond flexibly to changes in the environment Core competence perspective - M&As and alliances perform better by creating synergy. Leveraging core competences between businesses also increases bargaining power against customers and suppliers. Alliances improve links to distributors, result in shared marketing and finances. Types of integrations and alliancesCross border deal failure rates are 20-50%. However, there are some alliance and integration strategies firms can follow, in terms of their relationships (Fig.1).
Collaborative ventures and strategic alliances Successful alliances and networks Strategic management of networks and alliances
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