WINNING THE MERGER ENDGAME: A PLAYBOOK FOR PROFITING FROM INDUSTRY CONSOLIDATION (HC)
ผู้แต่ง/แปล : DEANS, G.K. ISBN : 007140998X Barcode : 9780071409988 ปีพิมพ์ : 1 / 2003 ขนาด (w x h) : 160 x 235 mm. ปก/จำนวนหน้า : ปกแข็ง / 242 หน้า 1 ราคาปกติ : 1,285.00 บาท ราคาพิเศษ : 1,157.00 บาท (ลดถึง 10 %) เฉพาะสั่งซื้อทางเว็บไซต์เท่านั้น
เมื่อวันที่ 22 กรกฏาคม 2546 ในการประชุมคณะรัฐมนตรี นายกรัฐมนตรีได้แนะนำหนังสือให้กับคณะรัฐมนตรี อีกเล่มชื่อ WINNING THE MERGER ENDGAME: A PLAYBOOK FOR PROFITING FROM INDUSTRY CONSOLIDATION ซึ่งมีสาระที่ชี้ให้ ผู้นำในการบริหารประเทศควรคำนึงถึงหลักอะไรบ้าง ในการพัฒนาประเทศ
Winning the Merger Endgame by Graeme K. Deans, Fritz Kroeger and Stefan Zeisel
HERE is a `playbook' on `industry consolidation' from Tata McGraw-Hill (www.tatamcgrawhill.com): Winning the Merger Endgame, by Graeme K. Deans, Fritz Kroeger and Stefan Zeisel. The book is "a natural history of M&A" writes James K. Glassman in his foreword. The authors have picked from `a database of more than 25,000 global firms' about 1,500 large mergers and found that `more mergers destroy value than create it', though merger activity is logical rather than emotional or ego-driven. Other important findings are that an internal growth strategy is not superior to a merger strategy; and the same forces of consolidation and deconsolidation of merging and demerging drive every industry.
The merger Endgames S-curve travels through four stages, viz. opening, scale, focus, and balance and alliance. The curve is touted as `the next-best thing' since we don't have a crystal ball. The curve is based on two sets of values: "The concentration degree on the y-axis and the dynamics or speed of concentration on the x-axis." There are many concentration indicators, informs the book. One is CR3 or `three-firm concentration ratio', which is "the combined share of industry sales held by the three largest firms in an industry". Another is HHI or the Hirschman-Herfindahl Index, "the sum of the squared market shares of the firms in a market."
The only optimal size is bigger bigger than last year, bigger than the competitors, with a strategy to get even bigger tomorrow, advise the authors. Speed is everything, they say. "Companies that move up the Endgames curve the fastest are the most successful... Slower companies eventually become acquisition targets and disappear from the curve."
The book shares its vision of 2010, in which there will be `new financial scorekeepers'; and the role of auditors would change too. The authors foresee "an annual report with an independent section written by a company's auditor on where the company and its industry are positioned on the Endgames curve, the five-year outlook for merger activity and consolidation in the industry, and the major strategic imperatives for the company's management to address." Will the profession be ready for the new challenge?
โดย: Winning the Merger Endgame, by Graeme K. Deans, Fritz Kroeger and Stefan Zeisel (moonfleet ) วันที่: 8 มีนาคม 2551 เวลา:6:15:10 น.
"ทักษิณ" แนะนำหนังสือ "Winning the Merger Endgame" ให้ ครม.อ่าน
To Be Number One (ตอนที่ 5) AstraZeneca People Management and Development
Merger competence becomes the core competence of winners . The value of a merger or acquisition will be found in the increased competitiveness of the combined entity, the resulting increase in shareholder value and the move up the Endgames Curve (จากหนังสือ Winning the Merger Endgame)
A Playbook for Profiting from Industry Consolidation
Publisher: McGraw-Hill Professional
Published: 2003
Edition: 1st
Format: Hb