The Road to New Business Creation

Minna Räikkönen, Tuija Rantala, William Degbey, Katariina Palomäki, Mélanie Hassett

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

Abstract

Most companies face and deal with the complexities of creating a strategic plan for their new business. Investment in new business provides the means with which to take the company from its present state to a strategically more desirable future. In other words, it is crucial to build a bridge between strategy and both business opportunities and M&As. The focus in this chapter is on the planning phase of the creation process. The importance of forging strategic links between new opportunities and the advantages of portfolio management in new business development are emphasised, and the risk-management aspects related to NBC are discussed. The main aim is to provide a holistic perspective, and thus to extend the focus on M&A to incorporate them into the strategic-planning and business-development processes.
Original languageEnglish
Title of host publicationM&A as a Strategic Option
Subtitle of host publicationFrom Opportunities to New Business Creation
EditorsMélanie Hassett, Minna Räikkönen, Tuija Rantala
Place of PublicationHelsinki
PublisherTeknologiainfo Teknova oy
Pages15-36
ISBN (Electronic)978-952-238-098-2, 978-952-238-099-9
ISBN (Print)978-952-238-097-5
Publication statusPublished - 2011
MoE publication typeD2 Article in professional manuals or guides or professional information systems or text book material

Fingerprint

Roads
New business
Development process
New business development
Strategic plan
Strategic planning
Portfolio management
Planning
Risk management
Business development

Keywords

  • M&A
  • mergers and acquisitions
  • strategy
  • new business creation
  • business opportunity
  • risk
  • uncertainty

Cite this

Räikkönen, M., Rantala, T., Degbey, W., Palomäki, K., & Hassett, M. (2011). The Road to New Business Creation. In M. Hassett, M. Räikkönen, & T. Rantala (Eds.), M&A as a Strategic Option: From Opportunities to New Business Creation (pp. 15-36). Helsinki: Teknologiainfo Teknova oy.
Räikkönen, Minna ; Rantala, Tuija ; Degbey, William ; Palomäki, Katariina ; Hassett, Mélanie. / The Road to New Business Creation. M&A as a Strategic Option: From Opportunities to New Business Creation. editor / Mélanie Hassett ; Minna Räikkönen ; Tuija Rantala. Helsinki : Teknologiainfo Teknova oy, 2011. pp. 15-36
@inbook{e8ec8fd1f24c4872b8861c29f1d68644,
title = "The Road to New Business Creation",
abstract = "Most companies face and deal with the complexities of creating a strategic plan for their new business. Investment in new business provides the means with which to take the company from its present state to a strategically more desirable future. In other words, it is crucial to build a bridge between strategy and both business opportunities and M&As. The focus in this chapter is on the planning phase of the creation process. The importance of forging strategic links between new opportunities and the advantages of portfolio management in new business development are emphasised, and the risk-management aspects related to NBC are discussed. The main aim is to provide a holistic perspective, and thus to extend the focus on M&A to incorporate them into the strategic-planning and business-development processes.",
keywords = "M&A, mergers and acquisitions, strategy, new business creation, business opportunity, risk, uncertainty",
author = "Minna R{\"a}ikk{\"o}nen and Tuija Rantala and William Degbey and Katariina Palom{\"a}ki and M{\'e}lanie Hassett",
note = "Project code: 32744",
year = "2011",
language = "English",
isbn = "978-952-238-097-5",
pages = "15--36",
editor = "M{\'e}lanie Hassett and Minna R{\"a}ikk{\"o}nen and Tuija Rantala",
booktitle = "M&A as a Strategic Option",
publisher = "Teknologiainfo Teknova oy",
address = "Finland",

}

Räikkönen, M, Rantala, T, Degbey, W, Palomäki, K & Hassett, M 2011, The Road to New Business Creation. in M Hassett, M Räikkönen & T Rantala (eds), M&A as a Strategic Option: From Opportunities to New Business Creation. Teknologiainfo Teknova oy, Helsinki, pp. 15-36.

The Road to New Business Creation. / Räikkönen, Minna; Rantala, Tuija; Degbey, William; Palomäki, Katariina; Hassett, Mélanie.

M&A as a Strategic Option: From Opportunities to New Business Creation. ed. / Mélanie Hassett; Minna Räikkönen; Tuija Rantala. Helsinki : Teknologiainfo Teknova oy, 2011. p. 15-36.

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

TY - CHAP

T1 - The Road to New Business Creation

AU - Räikkönen, Minna

AU - Rantala, Tuija

AU - Degbey, William

AU - Palomäki, Katariina

AU - Hassett, Mélanie

N1 - Project code: 32744

PY - 2011

Y1 - 2011

N2 - Most companies face and deal with the complexities of creating a strategic plan for their new business. Investment in new business provides the means with which to take the company from its present state to a strategically more desirable future. In other words, it is crucial to build a bridge between strategy and both business opportunities and M&As. The focus in this chapter is on the planning phase of the creation process. The importance of forging strategic links between new opportunities and the advantages of portfolio management in new business development are emphasised, and the risk-management aspects related to NBC are discussed. The main aim is to provide a holistic perspective, and thus to extend the focus on M&A to incorporate them into the strategic-planning and business-development processes.

AB - Most companies face and deal with the complexities of creating a strategic plan for their new business. Investment in new business provides the means with which to take the company from its present state to a strategically more desirable future. In other words, it is crucial to build a bridge between strategy and both business opportunities and M&As. The focus in this chapter is on the planning phase of the creation process. The importance of forging strategic links between new opportunities and the advantages of portfolio management in new business development are emphasised, and the risk-management aspects related to NBC are discussed. The main aim is to provide a holistic perspective, and thus to extend the focus on M&A to incorporate them into the strategic-planning and business-development processes.

KW - M&A

KW - mergers and acquisitions

KW - strategy

KW - new business creation

KW - business opportunity

KW - risk

KW - uncertainty

M3 - Chapter or book article

SN - 978-952-238-097-5

SP - 15

EP - 36

BT - M&A as a Strategic Option

A2 - Hassett, Mélanie

A2 - Räikkönen, Minna

A2 - Rantala, Tuija

PB - Teknologiainfo Teknova oy

CY - Helsinki

ER -

Räikkönen M, Rantala T, Degbey W, Palomäki K, Hassett M. The Road to New Business Creation. In Hassett M, Räikkönen M, Rantala T, editors, M&A as a Strategic Option: From Opportunities to New Business Creation. Helsinki: Teknologiainfo Teknova oy. 2011. p. 15-36