It's hard to imagine a more volatile time. In what seems like the blink of an eye, capacity strains of 2007/08 were transformed by the credit crisis and subsequent global recession into an historic contraction. The resulting free-fall in market valuations has created major risks and abundant opportunities for companies and investors alike.
On the corporate landscape, the winners will combine acquisitions, collaboration, and organic investment for sustainable, competitive advantage. And while post merger integration has traditionally been about merging positional assets, the new landscape may be more about capabilty-building than footprint, headcount, and cost reductions, demanding a new approach.
My new book, written with Gerald Adolph, "Merge Ahead: Mastering the Five Enduring Trends of Artful M&A (McGraw Hill 2009) examines the effects the downturn and five longer-term trends are having on M&A and proposes means by which companies can improve their deal strategies, capabilities and tactics. The book is now available on Amazon.com: