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Master Thesis MscBA Strategy & Innovation

Technological acquisitions and innovation: are experienced acquirers privileged?
by

Annelies Dussel

on 30 September 2013

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Transcript of Master Thesis MscBA Strategy & Innovation

Implications
b) Experienced acquirers benefit
on the short term
c) International experience can
enhance organizational flexibility
and reduce inertia
a) Technological acquisitions
create opportunities for
innovation
Matrix Partners preso!
Harvard Business Review
How to lower the cost of enterprise sales?
Rene Birthday
for innovation results
challenges
and INNOVATION
Are experienced acquirers privileged?
Reaping the benefits of information dissimilarities in a post-merger context
Organizational
learning
Technological acquisitions
Understanding the relationships
Sample:
Experienced acquirers mainly benefit on the short term
Bill Gates: “Never before in history has innovation offered promise of so much to so many in so short a time"
Acquisitions
Technological vs. Non-tech
Acquisitions by experienced acquirers
2048
977 vs. 1071
1218
Results
Technological Acquisitions
Multivariate Models
The more you acquire
between 2003-2007
What to do?
Product evolution is going fast
What if
you've done it before?
And with success?
But,
Evaluate Options
Buys it
Deploys
Is successful
Recognize Need
Cross-border experience
International experience can enhance organizational flexibility and reduce knowledge inertia
?
Change the
you operate
In the Enterprise
way
organization
Development has
always been important
Nowadays: fast cycles
how are you going to keep up, Bill?
Don't forget to call your Mom!
T
H
N
A
K
Y
O
U
P
R
E
Z
I
Flexibility is key
Develop 'flexible routines' on all organizational levels
Why
What
How
Tacit Knowledge
Value assessment
Post-acquisition integration
'To what degree does acquisition experience affect
high-tech post-M&A innovative performance?'
..the more you learn about integration,
value assessment, specific circumstances,
..the bigger the gains?
industry
country
Negative binomial regression Model
Replication Study
Random effects negative binomial regression with distributed lag analysis
General estimation equation
Correlation
Model 1-4
Significant positive effect (p < 0.01)
Effect decreases over time
Organizational Learning
Non-linear positive moderating effect
Related acquisition experience
Similar effects
Highest positive coefficient in first year post-M&A
International Experience
Technological acquisitions
create opportunities for innovation
continuous organizational learning
Concluding,
If you are an experienced acquirer operating in a
technological industry and you're goal is to acquire knowledge to sustain competitive, your experience is of advantage in succeeding. Routine development facilitates fast post-M&A integration. However, keep possible knowledge inertia in mind.
Open mindfulness, willingness to change and avoiding to highly standardized routines in post-M&A integration supports you in achieving your goals
Repetition skills
*Derived from Cloodt, Hagedoorn & van Kranenburg, 2006.
*
Full transcript