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Merger strategy: An examination of Drucker's five rules for successful acquisitions
Author(s) -
Paine Frank T.,
Power Daniel J.
Publication year - 1984
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250050202
Subject(s) - argument (complex analysis) , mergers and acquisitions , management , empirical evidence , business , economics , epistemology , finance , philosophy , biochemistry , chemistry
This paper critically examines five rules for making successful acquisitions advocated by Peter Drucker. In an attempt to verify the rules, supporting and non‐supporting empirical evidence, opinions and arguments are reviewed. The analysis suggests that the rules are not conclusively supported by current evidence or argument. Adopting these rules does not ensure successful acquisitions and may needlessly limit managers' opportunities for successful acquisitions.