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Welche Elemente innerhalb des M&A-Prozesses erhöhen die Erfolgswahrscheinlichkeit für Unternehmensakquisitionen?

Welche Elemente innerhalb des M&A-Prozesses erhöhen die Erfolgswahrscheinlichkeit für Unternehmensakquisitionen?

          
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About the Book

Studienarbeit aus dem Jahr 2006 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,7, Universität Konstanz (Lehrstuhl für Management), Sprache: Deutsch, Abstract: Verschiedene Untersuchungen seit den 70er Jahren haben übereinstimmend ergeben, dass im Durchschnitt bis zu Zwei Drittel aller durchgeführten Mergers and Acquisitions (M&A) nicht den erwünschten Erfolg hinsichtlich Synergien, Kostenreduktion, Umsatzsteigerung und Rentabilität erzielten (Balzer/Hirn/Wilhelm 2000). So benennt Jansen, nach einer vergleichenden Untersuchung von 18 Studien über Akquisitionserfolg aus den Jahren 1983 bis 1992, die branchenübergreifende Erfolgswahrscheinlichkeit von M&A mit einer "40:60 Formel" (Jansen 2001: S.240). Umso verwunderlicher scheint, dass trotz zunehmend professioneller M&A-Beratung, bei Untersuchungen zur Erfolgswahrscheinlichkeit von M&A nach 1992, weiterhin eine Misserfolgsrate um die 60% nachzuweisen ist (vgl. Jansen 2001: S.240). Auch wenn sich die oben benannten Studien hinsichtlich ihres Zeitraumes, Länderauswahl, Methodik und Erfolgsdefinition teils stark unterscheiden, belegen sie alle die gleiche erschreckende Erkenntnis. Nämlich, dass trotz der bereits hohen Erfahrung und Professionalisierung im Feld der M&A, weiterhin zwei von drei Transaktionen nicht den gewünschten Erfolg erzielen, den sie eigentlich erzielen sollten. Teilweise sind die Misserfolge so gravierend für ein Unternehmen, dass Transaktionen mit hohen Verlusten rückabgewickelt werden müssen. Als eines von vielen Beispielen wäre hier der Autoproduzent BMW zu nenne, der im Jahre 2000, den nur sechs Jahre vorher erworbene Konzern MG-Rover für symbolische fünf Pfund verkaufen musste. Nun stellt sich zwangsläufig die Frage: Warum kommt es immer wieder zu Misserfolgen bei M&A? Was sind die Gründe? Welche Fehler werden gemacht? Auf was muss man achten, damit eine Transaktion erfolgreich ist? In welchen Phasen einer M&A sind für den Erfolg einer M


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Product Details
  • ISBN-13: 9783638836210
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 3 mm
  • Width: 148 mm
  • ISBN-10: 3638836215
  • Publisher Date: 19 Nov 2007
  • Height: 210 mm
  • No of Pages: 56
  • Series Title: German
  • Weight: 86 gr


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Welche Elemente innerhalb des M&A-Prozesses erhöhen die Erfolgswahrscheinlichkeit für Unternehmensakquisitionen?
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Welche Elemente innerhalb des M&A-Prozesses erhöhen die Erfolgswahrscheinlichkeit für Unternehmensakquisitionen?
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