This exciting new textbook is built on the belief that strategic management principles are more straightforward than they seem. Unlike other textbooks, it does not overcomplicate the discussion with enigmatic layers of theory or irrelevant perspectives from other disciplines. Instead you will find focused, clearly articulated coverage of the key topics of strategic management, encouraging critical reflection and deeper exploration on your own terms. Fully developed to cover the essentials of any strategic management course, this textbook not only creates understanding of the principles of strategy, but shows you how to apply them constructively in the face of real-world practicalities. Throughout the text, these principles are put into context with illustrations and examples drawn from all over the world and from all kinds of organization – from Shell, Airbus and Tesco to small and non-profit enterprises. With an emphasis on topical, distinctive and engaging features, this text offers: • Over 120 short, topical case studies drawn from every type of organization across more than 20 countries, written especially for this book and supplemented with questions and tasks • Worksheets for strategy analysis that can be used to tackle real-world situations • Learning outcomes, key points and summaries to focus your reading on what matters • Chapter-by-chapter exercises for further study and discussion • Suggestions for further reading to deepen your understanding of the theories underpinning the chapters In addition, tutors will benefit from a fully developed companion website offering lecture slides, teaching notes for case studies and assignments, module plans and links to further cases.

Acquisition, Merger and Alliance Strategies

Acquisition, merger and alliance strategies

Learning Outcomes

This chapter is designed to enable you to:

  • ① Identify various forms of acquisition, merger and alliance strategies and describe their characteristics.
  • ② Critique claims about the relative merits of these strategies.
  • ③ Apply these strategies to particular cases.

Case Study: The merger of Age Concern and Help the Aged

The two main UK charities that focus on care and support for the elderly, Age Concern and Help the Aged, merged in 2008. After an interim period the combined enterprise became known as Age UK, with subsidiary organizations focused on needs in Wales, Scotland and Northern Ireland.1 Its declared purpose is to enable elderly people to flourish in a world that respects and offers them a satisfactory standard of ...

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