New business creation through mergers and acquisitions

Findings from an interview study

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

Abstract

The paper describes findings from an interview study about practices concerning new business creation through mergers and acquisitions (M&A). A total of 14 large Finnish service-oriented companies from different fields of industry and active in acquisitions wew studied using semi-structured face-to-face interviews. The service orientation of the companies varied from service companies to product companies that already provide some services but see services more relevant for their business in near future. In general the opportunity recognition process is loosely (or not at all) organised in the companies. However, service companies tend to have more innovation units and "plazas" to search for new ideas. Companies have two-fold approach to recognize new business opportunities - by the recognition of acquisition targets and by the recognition of new business opportunities in general (e.g. through strategy process or collaboration). Despite the service-orientation level of the companies, the selection of the implementation method is typically not a systematic process. Companies have several ways to implement a new business opportunity - including co-operation and alliances, M&A, greenfield investments and joint ventures. M&A are seen to be important vehicle for growth and access to new markets, while joint ventures are viewed as being very challenging.
Original languageEnglish
Title of host publicationProceedings of the 10th annual EBRF conference on Co-Creation as a Way Forward
PublisherAalto University
Number of pages14
ISBN (Print)978-952-15-2529-2
Publication statusPublished - 2011
MoE publication typeB3 Non-refereed article in conference proceedings
Event10th Annual EBRF Conference on Co-Creation as The Way Forward, 2010 - Nokia, Finland
Duration: 15 Sep 201017 Sep 2010

Conference

Conference10th Annual EBRF Conference on Co-Creation as The Way Forward, 2010
CountryFinland
CityNokia
Period15/09/1017/09/10

Fingerprint

Mergers and acquisitions
New business
Service orientation
Joint ventures
New markets
Greenfield investment
Industry
Alliances
Service-oriented
Innovation
Opportunity recognition
Strategy process

Keywords

  • New service business
  • mergers and acquisitions
  • M & A
  • opportunity regocnition

Cite this

Rantala, T., & Räikkönen, M. (2011). New business creation through mergers and acquisitions: Findings from an interview study. In Proceedings of the 10th annual EBRF conference on Co-Creation as a Way Forward Aalto University.
Rantala, Tuija ; Räikkönen, Minna. / New business creation through mergers and acquisitions : Findings from an interview study. Proceedings of the 10th annual EBRF conference on Co-Creation as a Way Forward. Aalto University, 2011.
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Rantala, T & Räikkönen, M 2011, New business creation through mergers and acquisitions: Findings from an interview study. in Proceedings of the 10th annual EBRF conference on Co-Creation as a Way Forward. Aalto University, 10th Annual EBRF Conference on Co-Creation as The Way Forward, 2010, Nokia, Finland, 15/09/10.

New business creation through mergers and acquisitions : Findings from an interview study. / Rantala, Tuija; Räikkönen, Minna.

Proceedings of the 10th annual EBRF conference on Co-Creation as a Way Forward. Aalto University, 2011.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

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Rantala T, Räikkönen M. New business creation through mergers and acquisitions: Findings from an interview study. In Proceedings of the 10th annual EBRF conference on Co-Creation as a Way Forward. Aalto University. 2011