1 The Value of Synergy Aswath Damodaran Stern School of Business October 2005 2 The Value of Synergy Many acquisitions and some large strategic investments are often justified with the argument that they will create synergy. In this paper‚ we consider the various sources of synergy and categorize them into operating and financial synergies. We then examine how best to value synergy in any investment and how sensitive this value is to different assumptions. We also look at how this synergy value
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9-990-001 DESIGN MANAGEMENT INSTITUTE CASE STUDY Braun AG: The KF 40 Coffee Machine This case study came from the Case Study Research and Development Program at the Design Management Institute’s Center for Research. The Center conducts research and develops educational materials on the role of design and design management in business success. Case studies‚ the Design Management Journal‚ reprints from the Journal‚ and other educational materials are available from the Design Management
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"In China‚ you are inevitably dependent on expatriate employees‚" explains Pepsi-Cola’s Anthony‚ whose 500-person workforce includes a number of expatriates. "There’s no established tradition of companies breeding middle managers‚ so there are very few experienced local people to recruit‚" he notes. Experts agree that local talent is needed for long-term success‚ but expatriates can help accelerate the learning curve of developing executives and managers. "It has been proven by case studies that
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Metro RFID Case Background Germany’s largest retailer‚ METRO Group came out with a radio frequency identification technology that it planned on implementing initially at 250 stores and 10 distribution centers‚ as well as collaborating with 100 suppliers. The implementation only happened at The need for RFID technology The need for RFID technology was obvious to any major retailer. There were many reasons to invest in RFID technology and the most important ones were: * Reducing shrinkage
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that the Greek gods created‚ who received gifts similar to how others are gifted jewelry. Venus The Greek goddess Aphrodite‚ also known as Venus in the Roman world‚ is known for her beauty and love. The name Venus was adopted by the razor brand Gillette in a clever marketing way that may convince women that if they use Gillette’s Venus razor‚ they too could feel beautiful and powerful like a goddess. The company’s catchphrase is “Find the goddess in you.” The company chose to use the name to urge
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‘‘ECONOMICS is a science which studies human behaviour as a relationship between ends and scarce means that have alternative uses.’’- By Lionel Robbins‚ an economist in an attempt to define Economics. Lionel considered the study of economics to be a social science that concerns itself with the investigation of how man maximizes his satisfaction from the limited resources at his disposal and not forgetting the fact that these available limited resources can be channelled into the production of other
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What do theories of face perception tell us about object perception in general? Introduction Face perception is the process by which the brain and mind understand and interpret the human face. The cognitive and neural processes in face recognition differ greatly from those observed for object recognition. Both objects and faces are generally considered to be “viewpoint-dependent” meaning that performance in recognition is better when viewed from a familiar viewpoint. However when considering
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CONTENT 1. Introduction 1 2. Brief History and Strategic Challenges 1 3. PESTLE Analysis 3 4. Five Forces Analysis 4 5. SWOT Analysis 6 6. Generic Strategy 8 7. Recommendations 9 8. Conclusion 10 9. Bibliography 11 1.0 Introduction For the fiscal year of 2010‚ Procter & Gamble witnessed an increase on net sales by 3% to $78.9 billion and a 4% increase in unit volume (Deloitte‚ 2010). Under the unfavourable environment of global recession‚ P&G has successfully retained
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It is easy to believe that as an average Australian‚ animal experimentation has nothing to do with you. But it does. By donating to any medical charity or purchasing certain pharmaceutical products‚ you are helping fund cruel research involving animals. Animal research has now become a multi-billion dollar industry‚ and is practised in private institutions‚ household products‚ cosmetic companies‚ government agencies‚ educational industries and scientific research centres. Most of this research
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shortcomings or shortfalls in character – a path to be treaded carefully. The author also does not explore the fact that the achievement of an accomplished man or woman has a clear connection to the personality of that person‚ thus leaving his generalisation incomplete. Let us consider the example of ancient India’s first emperor – Ashoka‚ the Great. Emperor Ashoka was the first to unite the Indian subcontinent under one rule. His empire extended from modern day Kandahar to Mysore in south India
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