"In very innovative and service-oriented industries, the key is the intangible human capital," says Prof Fernandes. “If part of the value of the deal is knowledge-sharing, you have to think about how to integrate.” In this case, merging too rapidly could be damaging.
I don’t think that this additional decrease in the ECB rate will have any positive impact on economic activity. In my view, Europe risks having the fate of Japan.
The European Central Bank cut its key interest rate and launched a sweeping package of bond purchases Thursday that lays the groundwork for a long period of ultraloose monetary policy, jolting European financial markets and triggering an immediate response from President Trump.
M&A success depends on what comes next but companies take very different views. Nuno Fernandes, professor at Iese Business School in Barcelona and author of The Value Killers, a book about M&A success (and failure), says acquisition tactics fall on a spectrum from “bulldoze” to “leave alone”.
Column by IESE prof. Nuno Fernandes: What should executives focus on to navigate the ‘perfect storm’ of M&A opportunities?