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Global Mergers and Acquisitions by Yuqin Zhang, Abdol S. Soofi

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Chapter 4

Merger and Acquisition Strategy Development

Enterprises operate in evolving, complex environments, and to survive they must change their strategic plans. Strategies provide frameworks for firms on how to cope with and adjust operations to survive and prosper in the changing environment. Strategies are important determinants of the future of enterprises, and are used in the formulation of visions, objectives, policies, and cultures of organizations.

Development of strategies requires planning processes, which should include all members of the organization, even though the chief executive or chief executive group in charge of strategy development must be responsible and accountable for the outcome of the strategic planning.

Developing ...

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