Notes of all (10) Alliances, Mergers and Networks lectures of Tjemkes (and 2 guests). Notes of all (6) Small Business Development lectures of Van den Born. Although the notes in itself are not very extensive, they are highly complementary to the other course material, and will therefore provide you...
- Why an alliance?
o Disney has the resources and capabilities to distribute the new technology of Pixar
o Temporary
o Low termination costs for Disney
o Pixar keeps the rights over their technology
- Why not an acquisition?
o Too risky
o Alliance does not include the weaknesses (divisibilities)
o Alliance does not come with integration
- Disney needed to switch to computer animation, so they divested their initial KSF (hand-
made). This lead to a merger.
- Why a merger?
o Because Disney divested hand-made animation, they lacked resources
o Other companies could have merged with Pixar, huge risk for Disney to let the
knowledge go; elimination of competition
o Pixar would compete with its own movies, because Disney had the rights for
sequential movies (two Pixar movies could come on the market
o Pixar unlikely to keep producing hits due to increasing competition; supply increases,
costs go down
o Merger made sense for both sides
o Specific integration approach (slow) made it work
o Main reason for mergers to fail is that the (integration, etc.) costs are
underestimated. M&As can destroy value. Misfit between organizations could mean
bankruptcy
Airline industry
- Why doesn’t this industry go bankrupt
o Government involvement
Different governance modes (MBA, make, buy, ally decisions) should be taken into account in AMN
decisions.
Networks (Jobs & Lucas)
However, sticking too long in the same network decreases entrepreneurial proposals and innovation.
Negative effects will also transfer.
AMNs are not goals by themselves, it is an instrument to achieve a long term objective.
Know-what: concepts, why merger, why acquisition, why is it so difficult, etc. (solid theorizing,
lectures)
Know-how: how does it work in reality, how can I apply knowledge in real life settings
, Workgroup 1
Assignment II
- Academic knowledge vs experience. You should validate information with experience
- Pick an issue and narrow it down, focus on one topic
- Valorization is creating more value (universities should create more value for practice). Idea
about the movie is to create value for practice. Managers often do not understand academic
theories
- Important is creativity
Presentation 1
1. Specify topic (international vs domestic firms), narrow it down (specific industry)
2. Read literature (form a conceptual model), translate to interview questions
3. Approach a company, validate conceptual model
4. Iterative
Presentation 2
1. Topic: cross cultural issues in joint ventures in relation to longevity
2. Focus: e.g., how do cultures perceive each other
3. Literature: perception
4. Validate: practice
5. Produce movie or adjust conceptual model
a. Script or not if you’re creative
b. Filming
c. Editing
Presentation 3
Nothing is as practical as a good theory
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