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    Mergers Acquisitions Joint Ventures & Corporate Growth

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    Pulokesh Ghosh

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    © All Rights Reserved
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    Mergers Acquisitions Joint Ventures & Corporate Growth

    Uploaded by

    Pulokesh Ghosh
    45 views4 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    45 views4 pages

    Mergers Acquisitions Joint Ventures & Corporate Growth

    Uploaded by

    Pulokesh Ghosh

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE

    Post Graduate Programme in Management


    Course Outline

    Course Code and Course Title Mergers Acquisitions Joint Ventures and
    Corporate Growth
    Course type Compulsory/Elective
    Pre-requisites (if any)
    Course Credit 3
    Total no. of sessions 30
    Session Duration 60 Minutes
    Term VI
    Year and Batch 2017-18 PGP20
    Sections (if any) 1

    Instructor(s) Prof P Rameshan/Rajesh Srinivas Upadhyayula


    Contact Details 0495-2909431/0495-2809432
    Office Block-3 Room-11 IIM-K/Block-3 Room-12
    Consultation Hours Appointment by email

    Introduction
    Over the last decade, there have been significant changes in the competitive environment of firms.
    Enhanced movement of capital and goods, increased communication facilities, reduced
    transportation costs, technological advancements has led to reduced time to market for firms
    globally. Firms were evaluating their competitive strategies on a continuous basis. The entrepreneur
    in the firm is exploring or advancing new organizational forms (equity or alliance arrangements) or
    innovating in the current organizational forms to enhance competitive advantage or capabilities of
    firms.

    This course would expose students to various modes of corporate growth available with a special
    focus on mergers and acquisitions from a strategic perspective.

    Learning Outcomes/Course Objectives


    o To develop an understanding of frameworks and tools available to evaluate corporate
    growth decisions especially mergers and acquisitions and diversifications
    o To appreciate the key success factors in both identification, structuring and management of
    mergers, acquisitions, diversifications and other growth strategies

    Textbooks and Learning Materials.

    Text Book(s)
    None
    Reference Book(s)
    Applied Mergers and Acqusitions by Robert E Bruner, Wiley Publications
    Additional Reading(s)

    Technology and Software (if any)

    Other Resources (Journals, Internet Websites) (if any)


    Pedagogy Used/Learning Process
    This course would be thought through a combination of readings, case discussions, group learnings
    and lectures with intent to cover varied perspectives.
    Evaluation Components/Assessment of Student Learning

    Assessment Tool Percentage Description


    Quizzes 20% The Quizzes are meant to test the
    conceptual understanding of
    various concepts learnt in the
    course
    End term Exam 35% This would test conceptual
    understanding along with
    application of these conceptual
    understanding in the context of
    inorganic and organic growth
    choices available to a firm
    Class Participation (Case 20% This test the individual
    Analysis & Class Exercises) contribution of the students as
    well as brings out various
    perspectives, arguments and
    counter arguments across a range
    of corporate growth decisions in
    an organization
    Case Studies / Assignments 25% This facilitates students to
    demonstrate the ability to
    integrate the information and the
    skills accumulated in their
    course through a cohesive group
    or teamwork. This enables
    participants to evolve
    recommendation through
    consensus..

    Session Plan
    Session Topic Case / Readings
    No
    Module1: Growth Strategy- Diversification
    1 Course Introduction and • Read Article: Corporate Diversification by
    Diversification Cynthia A Montgomery, Journal Of
    Economic Perspectives, Volume8, Number 3,
    1994
    • Read Article: Note on Diversification as a
    strategy (HBS, 9-328-129, June, 1986)
    • Read Case: Asahi Glass Co.: Diversification
    Strategy , HBS Product No 794113-PDF-
    ENG
    2 Related Diversification • Read Case: Fisdap: The Nursing
    Opportunity, NACRA, Product
    number:NA0317-PDF-ENG
    • Read HBS Article: Strategies of related
    diversification by Bharat N Anand, HBS-9-
    705-481, 2005
    • Read Article: Firm resources and sustained
    competitive advantage, Barney J, Journal of
    Management 1991
    3 Conglomerates/Unrelated • Read Case: Tyco International, HBS, Produc
    diversification 798061-PDF-ENG
    • Read HBS Article: Strategies of unrelated
    diversification by Bharat N Anand &
    Samhita Jayanti, HBS-9-705-480, 2005
    4 LBOs • Read Article: Conglomerates and LBO
    Associations: A comparison of
    organizational forms by Baker G and Cyntia
    Montgomery, 2009
    • Read Case: Endo Pharmaceuticals (A): From
    LBO to …( HBS: 806064-PDF-ENG)
    5 Diversification in emerging • Read Case: Vehbi Koc and the Making of
    markets Turkey's Largest Business Group, HBS
    Product number: 811081-PDF-ENG
    • Read article: Global Strategy lessons from
    Japanese and Korean Business Groups, by
    Tu, Kim & Sullivan, HBR Product Number-
    R0812C-PDF-ENG
    Module2: Mergers and Acquisitions
    6 Basics of Mergers and • Read: A note on Mergers and Acquisitions
    Acquisitions and Valuation.
    • Read: Not all M&A are alike and that matters
    • Read: Business Valuation Standard
    Approaches and Applications
    • Read Case: Mercury Athletic Footwear:
    Valuing the Opportunity
    7 Estimation of Synergies • Read: When to ally and when to acquire
    • Read: Business Valuation Standard
    Approaches and Applications
    • Read Case: HP-Compaq (A)
    (UV3981-PDF-ENG) and HP-Compaq (B)
    (UV3982-PDF-ENG
    8 Brand Valuation • Read Case: Tata Tea Limited (A)
    • Read Case: Tata Tea Limited (B)
    • Read Article: Brand Valuation Methodology:
    A Simple Example
    9 Stock or Cash • Read HBR Article: Stock or Cash?: The trade
    offs for buyers and sellers in Mergers and
    Acquisitions by Alfred Rappaport and Mark
    Sirower
    • Read Article: Evaluating M&A Deals:
    Accretion Vs Dilution of Earnings per Share
    • Read Case: Cerent Corporation (E83-PDF-
    ENG)
    10 Integration of High • Read Case: Cisco Early if not elegant
    Technology firms (UV1632-PDF-ENG)
    • Read HBR Article: Making the Deal Real,
    How GE Integrates its acquisitions
    • Read Case: Foreground Reading of M&A in
    Wine Country (4805-HTM-ENG)
    11 M&A Deal as a system • Simulation: M&A in Wine Country V2
    (4805-HTM-ENG)
    • Simulation: M&A in Wine Country Debrief
    Module 3: Strategic Alliances & Joint ventures
    12 Fundamentals of Strategic • Read: Note on Strategic Alliances
    Alliances • Read Insead Case: Renault and Nissan: A
    Marriage of Reason Copyright: 2001
    INSEAD-EAC)
    13 Management of Strategic • Read Article: How to make Strategic
    Alliances Alliances to work
    • Read Article: Handle with Care Negotiating
    Strategic Alliances
    • Read Case: HP-Cisco Alliance (A) (403120-
    PDF-ENG) and (B) (404040-PDF-ENG
    14 Joint Ventures • Read Article: How to Make a Global Joint
    Venture Work, HBR, Product Number-
    82310-PDF-ENG
    • Read Case: Eli Lilly in India: Rethinking the
    Joint Venture Strategy, Richard Ivey School of
    Business Foundation, Product number:
    904M16-PDF-ENG
    15 Closing Lecture • Closing Remarks
    • Guest Lecture (Optional)

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