Abstract
Firms engage in mergers and acquisitions (M…As) in order to exploit and realise profit opportunities (Kirzner, 1997). According to the literature on M …As, these opportunities can implicitly be divided into Run-related opportunities and industry-related opportunities. Firm-related opportunities are concerned with exploiting managerial synergies, such as redundant functions or activities once two firms have merged (Sudarsanam et al., 1996). Industry-related opportunities concern the positive effects that a firm can obtain by changing or stabilising the structure of its industry: for example, taking over a firm producing a hostile substitute product (Porter, 1980, 1985).
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© 2005 Pervez Ghauri, Amjad Hadjikhani and Jan Johanson
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Baraldi, E., Strömsten, T. (2005). Network Opportunities and Obstacles in Mergers and Acquisitions: The Role of Resource Embeddedness. In: Ghauri, P., Hadjikhani, A., Johanson, J. (eds) Managing Opportunity Development in Business Networks. Palgrave Macmillan, London. https://doi.org/10.1057/9780230379695_11
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DOI: https://doi.org/10.1057/9780230379695_11
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