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Strategic Management Final Exam Questions and Answers Grade A+ 2023

Chapter 9 - -Corporate Strategy: Acquisitions, Alliances and Networks -Merger - -Two independent companies form a combined entity (tend to be friendly) Ex) Disney merged with Pixar -Acquisi... tion - -Purchase or takeover of one company by another Hostile takeover (when a firms does not want to be acquired) Ex) Vodaphone takeover of german based Mannesmann -Horizontal Integration - -Process of acquiring and merging with competitors, leading to industry consolidation Type of corporate strategy designed to improve a firms strategic position Ex) Music industry --> Live Nation bought Ticketmaster -4 Main benefits of Horizontal integration - -1. Reduction of competitive intensity 2. Lower Costs 3. Increased differentiation 4. Access to new markets and distribution channels -Reduction in competitive intensity - -Excess capacity is taken out of the market and competition decreases [Show More]

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