Premium
Unlocking synergies between business units: internal value creation at Royal Vopak
Author(s) -
Ansari Shahzad,
Schouten Martijn,
Verwaal Ernst
Publication year - 2006
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.775
Subject(s) - corporation , strategic business unit , unit (ring theory) , business , value (mathematics) , test (biology) , empirical research , process (computing) , management , value creation , process management , knowledge management , operations management , industrial organization , marketing , computer science , economics , finance , philosophy , mathematics education , mathematics , epistemology , machine learning , biology , operating system , paleontology
This paper examines the process of creating and exploiting synergies between business units of a multi‐unit corporation and the creation of internal value by combining and exploiting knowledge. It offers a framework to create and manage such synergies and undertakes an empirical test through in‐depth study across three business units of Royal Vopak, a Dutch‐based global multi‐unit corporation. Finally, it offers lessons for corporate managers trying to create and manage cross‐unit synergies.Copyright © 2006 John Wiley & Sons, Ltd.