| Popis: |
Chapter 11 argues that mergers and acquisitions (M&As) can be an important strategic tool for acquiring capabilities needed to improve organizational effectiveness, relevance, and competitiveness. However, typically M&As within the sector are rare and often reactive in nature. They usually involve the joining together of a smaller, financially stressed organization with a larger, healthier TNGO looking to expand. Much less common are more proactive M&A efforts where both partners come together from positions of strength. M&As appear to be underutilized as a strategic tool to increase scale and impact due to a variety of normative and institutional barriers. These include legal structures that disincentivize or prevent takeovers, cultures of uniqueness among TNGOs and their supporters, and the lack of M&A matchmakers and resources for competently exploring and executing the M&A process. |
