Build, Borrow, or Buy. Laurence Capron
Чтение книги онлайн.
Читать онлайн книгу Build, Borrow, or Buy - Laurence Capron страница 1
Название: Build, Borrow, or Buy
Автор: Laurence Capron
Издательство: Ingram
Жанр: Экономика
isbn: 9781422143728
isbn:
Advance praise for Build, Borrow, or Buy
“Build, Borrow, or Buy provides an innovative and practical framework that will facilitate objective decision making, and as a result will help build a more disciplined path to growth.”
—Arnaud Bernaert, Senior Vice President, Corporate Mergers & Acquisitions, Philips Healthcare
“Choosing to build, borrow, or buy is a dilemma that every CEO has to face. This book provides CEOs with a simple yet powerful framework for making those decisions without making costly mistakes.”
—Sucheth Davuluri, CEO, Neuland Laboratories Limited
“An insightful framework for thinking about one of the important strategic issues in today’s increasingly complex and interconnected business world. Capron and Mitchell provide clear guidance on how to choose between internal development, licensing alliances, and M&A to select the most appropriate path to growth.”
—Franz B. Humer, Chairman, Roche Group and Diageo PLC
“Build, Borrow, or Buy tackles the most difficult strategic decision facing companies in search of growth today. It is a well-balanced and clear analysis that should be required reading for every CEO.”
—Kevin P. Ryan, Founder and CEO, Gilt Groupe
Copyright 2012 Harvard Business School Publishing Corporation
All rights reserved
No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise), without the prior permission of the publisher. Requests for permission should be directed to [email protected], or mailed to Permissions, Harvard Business School Publishing, 60 Harvard Way, Boston, Massachusetts 02163.
First eBook Edition: August 2012
ISBN: 978-1-4221-4371-1
Contents
1. The Resource Pathways Framework
Internal Development Versus External Sourcing
3. When to Borrow via Contract
Basic Contract Versus Alliance
4. When to Borrow via Alliance
Acquisition Versus Alternatives
6. Realigning Your Resource Portfolio
7. Developing Your Enterprise Selection Capability
Appendix A: The Resource Pathways Framework: Full Model
Appendix B: The Authors’ Research Program
In many ways, this book started at the University of Michigan in Ann Arbor during the fall of 1993. Separately, we were studying how firms sometimes survive and adjust within dynamic environments, particularly how firms use acquisitions, alliances, and other mechanisms to acquire and recombine strategic resources. Our first encounter and subsequent joint work led to two decades of close friendship between our families and to collaborative research and teaching on how firms compete and survive by developing sound resource-selection and resource-management strategies.
This book derives most directly from research we have done over the past decade—building on our earlier projects—into how firms “build, borrow, or buy” the resources they need to compete successfully and, specifically, how they choose from among the several sourcing options available to them. In the course of that research, we have been privileged to gain access to executives at some of the world’s great businesses, across many industries and geographies. We are enormously grateful for the executives’ willingness to share with us their experiences, good and bad. Their candor was inspiring, and their insights were indispensable to our progress. Their stories are peppered throughout the book.
We also have benefited greatly from the thinking and writings of colleagues and other scholars, who have provided key insights within the broad realm of evolutionary and ecological theories, dynamic capabilities, and interfirm exchange. We are particularly grateful for inspiration from Rajshree Agarwal, Erin Anderson, Ashish Arora, Jay Barney, Glenn Carroll, Wes Cohen, Karel Cool, Michael Cusumano, Yves Doz, Kathleen Eisenhardt, John Freeman, Alfonso Gambardella, Philippe Haspeslagh, Bruce Kogut, Dan Levinthal, Marvin Lieberman, Phanish Puranam, Brian Silverman, Harbir Singh, David Teece, Michael Tushman, Oliver Williamson, Sidney Winter, and Maurizio Zollo.
Over the years, we have been fortunate to work on papers, articles, and case studies with talented coauthors who have helped us develop and deepen our thinking on firms’ build-borrow-buy strategies. They СКАЧАТЬ