Strategic foresight and porters five forces towards a synthesis daniel roy research paper undergraduate business economics business management, corporate governance publish your bachelors or masters thesis, dissertation, term paper or essay. Martin bakule, gregg cornelius, nijhawan dinesh, bernd dworschak, anastasia fetsi, mihaela ghi. To effectively spot new trends, strategic foresight teams need to have a much wider range of information sources than. A glance at any business newspaper or business news web page will indicate that mergers and acquisitions are big business and are taking place all the time. Operating synergy types and their impact on postmerger. Merger success factors were found in the strategic niche, the organizational fit such as the availability of planes. There are essentially two kinds of mergers and acquisitions. Strategic foresight advice should be broadly based, and wherever possible backed up by empirical evidence, so that it can be contested and debated by others in the policy domain. By amy zalman joint force quarterly 95 november 18, 2019. Richard slaughter was the designer and educator of that original program. The new products may enable it to increase revenue by offering a wider range to existing customers or meeting the requirements of new customers. Every company has different cultures and follows different strategies to define their merger. Less than a decade after the frantic merger activity of the late 1960s, we are again in the midst of a major wave of corporate acquisitions. A critical concern in merger and acquisition strategies.
Since 2002, the firm has assisted in more than 600 acquisitions and restructurings for clients globally. A behavioral theory of the merger carnegie mellon university. This paper proposes to treat strategic foresight as a dynamic capability, providing a new. The management of the company doing the acquisition must have a clear and welldefined strategy for their specific business. The principles are not exhaustive, but represent the most widely expressed. Technology foresight tool for future skills needs identification and contributors to the skills technology foresight guide. Mergers and acquisitions transactions strategies in diffusion type financial systems in highly volatile global capital markets with nonlinearities. Using a real options approach, we show that mergers. The strategy that led to the merger or acquisition to determine whether this merger or acquisition was a wise choice merger is a term used in the corporate world to refer to an instance where two or more companies agree to join to form a new. Strategic foresight although many definitions and interpretations of strategic foresight exist, we can define strategic foresight as, essentially, the methods by which organizations come to identify and predict possible events that may effect the environment in which they operate so that they can both mitigate risks and exploit opportunities. Bishop 4 1 usda forest service, northern research station, 2 anticipatory futures group, llc, 3 university of minnesota, innovation studies, 4 associate professor of strategic foresight, dept. Strategic foresight as acomplementary instrument for. Results of researches by the leading experts in the field provide certain contribution. Review and future direction weilei stone shi baruch collegecity university of new york jing sun john e.
The merger plan might also encompass how the credit union will reach out to the targets and a timeline for doing so. In order to make a merger work, it is pertinent to have a sound strategic planning so that maximum benefit is taken out from the merger. Oct 18, 2016 a list of viable merger targets can now be identified based on how well they match these criteria. Pdf strategic foresight for collaborative exploration of new. One around the turn of the twentieth century, the second peaking in 1929 the third in the latter half of the 1960s the fourth in the first half of 1980s and the fifth in the latter half of the 1990s. Strategy and tactics of international mergers and acquisitions 57 among them is the fact that such agreements should be based on sound strategies and rational tactical tools proven in practice and confirmed by successful results of postintegration activities. Transforming all lives and protecting the planet, synthesis report of the. The thesis recommends improving strategic foresight methodology, building foresight capacity. Methods the study analyzes nonprofit mergers that occurred in. Merger, acquisition, and international strategies raymond lane george best business 499 november 29, merger, acquisition, and international strategies 1. Chapter 2 conceptual framework of merger and acquisition.
Developing and applying strategic foresight richard a. Strategies play an integral role when it comes to merger and acquisition. In this paper we examine how industry demand shocks a. The key factor contributing to the explosion of this innovative form of restructuring is the massive number of advantages it offers to the business world. Strategic foresight, leadership, and the future of rural. A financial merger or acquisition is pursued, as the name implies, for financial reasonsoften to pick up some quick cash or as an investment. Strategic foresight sf is the ability to create and maintain a highquality, coherent and functional forward view and to use the insights arising in organisationally useful ways. Principles for thinking about the future and foresight. Merger and acquisition strategy of apple and prismo. As innovative technologies like cloud computing, machine learning, the internet of things, blockchain, and robotics become increasingly common around the world, they are poised to disrupt nearly every sector. This last peak, in the final years of the twentieth century, brought. The impact of corporate foresight on strategic decisions a case of a european bank by claudio gomez portaleoni a thesis submitted to the university of birmingham for the degree of doctor of philosophy birmingham business school the university of birmingham 2011. Potential contributions of futures research david n.
Whether youve loved the book or not, if you give your honest and detailed thoughts then people will find new books that are right for them. Building interorganizational trust among companies and relying on strategic alliance rather than. Definitions strategic foresight is a most relevant topic for the world in and beyond. Victor assad is a strategic human resources consultant and coach who works. According to our findings, strategic foresight activities 1 are structurally managed within an organization via one of three models, 2 consist of initiation, modeling, and finalization phases. A theory of strategic mergers past empirical studies. This kind of action is more precisely referred to as a merger of equals. We continually look ahead applying foresight built on powerful analytics, deep capabilities, creativity and experience. Philosophy behind mergers and acquisitions part of the overall concept of integration a merger capitalizes on mutual synergy of the strengths of the merging entities acquiring an existing company is better strategy than scaling up on its own it is also an strategy to showcase an. Views of policy makers and high government officials 187 12 how could the strategic. These two plans represent the foundational phase for any merger process.
Strategic foresight as acomplementary instrument for energy planning lessons learnt from delphi energy future 2040 presentation given at gizside event on energy planning, cop22, 18. More and more companies are searching for strategic orientation and feel the need to support more future insights to win the innovation race. Planning considers a multitude of factors in the present environment, measures them and then extrapolates the data into the future. Mergers as a st rategy for success 2016 report from the metropolitan chicago nonprofit merger research project donald haider katherine cooper reyhaneh maktoufi. The strategies on merger and acquisition are devised to transform the strategic business plan of the organization to a list of target acquisition prospects. Strategic foresight and futures studies in mexico sage journals. Merger and acquisition strategies are the roadmap for the corporate development efforts of an organization. In 202014, the hungarian ministry of defense hun mod engaged in its first structured strategic foresight process, a process designed to examine events that might affect hungary until 2030. A contextual practice of way finding article pdf available in futures 53. Maximizing the power of strategic foresight washington. It is quite difficult to decide on the strategies of merger and acquisition, specially for those companies who are going to make a merger or acquisition deal for the first time.
Foresight can combine or utilize participatory foresight and or deskwork foresight, and. We help leaders of companies and government agencies develop strategic visions, improve business processes, reduce complexity and build new capabilities for longterm success. A strategic tool for restructuring in the indian telecom sector. Merger and acquisition strategies are extremely important in order to derive the maximum benefit out of a merger or acquisition deal. The resulting merger and acquisitions activities have all but eclipsed any other it work beyond.
Strategy and tactics of international mergers and acquisitions. Our team has assisted more than 500 organizations with merger and acquisition activityfrom due diligence to postclose integration management. Strategic foresight process improvements for the hungarian ministry of defense thesis pdf available june 2016 with 2,706 reads how we measure reads. The organization is aware that there are strategic foresight best practices and is learning from external input and past experiences.
Both companies stocks are surrendered and new company stock is issued in its place. In that article the author provides a more indepth look at the concept of root strategic assets. In keeping with the practice approach to strategic foresight, we delineate strategic foresight as a continuous and contextual practice of wayfinding, that manifest in everyday situated. Apr, 2015 nine key strategies for merger and acquisition success. Building a strategic foresight capacity slideshare. One around the turn of the twentieth century, the second peaking in 1929 the third in the latter half. The evolution of strategic foresight 10 strategic foresight in the public policy making of other countries and transnational organizations 173 part iii process 185 11 how could the strategic foresight process better facilitate national decision making.
First, strategic foresight, a discipline i describe in more detail, provides the vitally needed mindsets and frameworks required to plan in uncertainty. A true merger results in two companies joining under one corporate name, without change of management, and. As digital giants and startups change business models in the middle east and around the world, telecommunications companies must develop strategies that focus on. At the same time, practical application of government foresight in strategic. Developing and applying a participative strategic planning tool article pdf available in greener management international 200237. Benefits of merger and acquisition merger and acquisition has become the most prominent process in the corporate world. Chapter on the foundations of the popular strategic foresight class created and taught by the author within the mba in design strategy at california college of the arts, san francisco. Guidelines for strategic foresight edited by andy hines and peter bishop is the essential handbook for every aspiring analyst and, students of strategic foresight. Impact of corporate foresight on strategic decisions. Foresight is a key business skill and, as part of the knowledge economy, has links with. Forest service, united states department of agriculture, 1992 folwell avenue, st. Post merger integration deloitte belgium strategy solutions. A multiple case study in the telecommunication industry cinzia battistella, alberto f. It leads from the future rather than leading from the past, as traditional strategic.
How to increase your organizations value and avoid future extinction david wimberly strategic foresight, on the other hand, anticipates the future and develops a plan today based on an anticipated future. The views and opinions expressed or implied in the journal are those of the authors and should not be construed as carrying the official sanction of the department of defense, air force, air education and training command, air. Strategic foresight methods in the public and private sectors. Operating synergy types and their impact on post merger performance lennart horst michael junge anr 791051 master of science finance supervisor. A strategic merger can give an organization access to products or services that are not in its current range. Future studies, foresight and scenarios as basis for better. Other readers will always be interested in your opinion of the books youve read. Combine information from different sources and of different. Post merger integration the merging or demerging of two or more organisations is complex. Introduction to foresight and foresight processes in practice note for the phd course strategic foresight in engineering andersen, per dannemand. The thesis showed that takeover pressures are inevitable, but proactivity can positively impact on the transaction price, since there is no immediate need to sell. Two components are organically linked to strategic foresight. Strategic thinking is about synthesis and it defines options. For one, resultsbased management rbm demands an enhanced cohe1.
A systems perspective on standardisation in technological innovation. An adjunct of this study is the development of a comprehensive, computational model of postmerger integration dynamics. Rohrbeck 2018 combining scenario planning and business wargaming to better anticipate future competitive dynamics. Adding a merger to your credit unions growth strategy. Unpublished masters thesis, university of waikato, hamilton. Strategic foresight helps organizations plan for the future by combining the right mindset with methodologies that actively seek new business opportunities. Yorkovich the tool whats the difference between strategic planning and strategic foresight. A temporal perspective of merger and acquisition and strategic alliance initiatives. Mergers and acquisitions as growth strategies are once again in vogue. Mergers and acquisitions are today very relevant themes in the field of expanding a.
Strategic analysis for more profitable acquisitions. English is the dominant language, the term foresight, introduced in the 1990s, was adopted. The best deals follow a structured and disciplined approach, with clear strategic objectives, detailed implementation plans, and a focus on value creation. Our point of departure is the expectation that strategicforesight methods. Mergers and acquisitions as competitive strategic options. Information technology has encouraged several new innovations in the fields of marketing and business. Types, regulation, and patterns of practice john c. Rohrbeck 2019 five strategic foresight tools to enhance business model innovation teaching. Merger and acquisition strategy of apple and prismo graphics. Mergers and acquisitions edinburgh business school.
The master of strategic foresight at swinburne university. It focuses on generating analyses of possible futures and alternative strategies, based on available intelligence. Public service departments are also required to table a strategic plan with a five. Foresight acknowledges the ambiguity of the future while preparing leaders to anticipate changes and minimize surprises. Strategic foresight and porters five forces publish. A sound strategic decision and procedure is very important to ensure success and fulfilling of expected desires. Findings indicate that the proposed framework of the study facilitated the analysis of future scenarios and developed a strategy by incorporating. Coates iv1 the core goal of corporate law and governance is to improve outcomes for participants in businesses organized as corporations, and for society, relative to what could be achieved.
Merger and acquisition activity in the united states has typically run in cycles, with peaks coinciding with periods of strong business growth. Mergers and acquisitions transactions strategies in. A temporal perspective of merger and acquisition and. A systems perspective on standardisation in technological. Mergers and acquisitions transactions strategies in diffusion. Aug 25, 2008 strategic foresight strategic foresight is the capacity that emerges in organisations when people whose foresight capacities are overt, work together to build strategic processes that take a long view. Pdf strategic foresight process improvements for the. The master of strategic foresight at swinburne university 20012016 peter hayward and joseph voros the master of strategic foresight msf was first taught at swinburne university in 2001. Introduction to foresight and foresight processes in. The organization has reached a level where it has a consistent approach to strategic foresight, used across the organization, which delivers an acceptable level of performance and. Pdf the management of strategicforesight activities. Acquiring existing products also reduces an organizations product development costs and. Mergers and acquisitions edinburgh business school ix preface an understanding of mergers and acquisitions as a discipline is increasingly important in modern business. Bengston, strategic foresight group, northern research station, u.
It began in january 2009 out of a merger between futures research quarterly published from 19852008 and. In most mergers, one company usually ends up having greater control or influence over the other one in the combined entity. Corporate foresight is expected to do exactly that. Strategic foresight methods in the public and private sectors c1c ryan j. Nine key strategies for merger and acquisition success. There has perhaps never been a time in human history where strategic foresight is more needed. Course content strategic foresight encompasses all systematic ways for sensing, catalysing and accelerating new business opportunities and respond to strategic threats.156 634 1153 1314 1404 203 1338 657 429 507 875 236 641 1166 1214 1427 716 1246 1388 1173 105 1490 934 1265 142 267 677 1301 535 494 1121 1101 1462 1034 531 826 1488 1044 280 1415 183 284 784 1117 128 567 420