1.

Record Nr.

UNINA9910794808103321

Autore

Stein Jan Paul

Titolo

Technology-focused acquisitions : performance and functionality as differentiators / / Jan Paul Stein

Pubbl/distr/stampa

Berlin, [Germany] ; ; Boston, [Massachusetts] : , : De Gruyter Oldenbourg, , 2017

©2017

ISBN

3-11-055930-7

3-11-056209-X

Descrizione fisica

1 online resource (288 pages) : illustrations, tables

Classificazione

QP 450

Disciplina

658.15

Soggetti

Business enterprises - Valuation

Negotiation in business

Business enterprises - Purchasing

Academic Dissertation

Academic theses.

Case studies.

Thèses et écrits académiques.

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Frontmatter -- Acknowledgements -- Contents -- List of figures -- List of tables -- List of abbreviations -- Zusammenfassung -- Abstract -- 1. Introduction -- 2. Theoretical foundations-Technology-focused acquisitions and strategic decisions -- 3. Performance- and functionality-focus in product development and acquisitions -- 4. Qualitative Study - Acquisitions in the ICT Industry -- 5. Quantitative study - Performance and functionality in AI-related acquisitions -- 6. Conclusion, contributions, and outlook -- Part Appendix -- Appendix -- Bibliography

Sommario/riassunto

Technology-focused acquisitions are an important complement to the firm's internal product development efforts. There is considerable heterogeneity when comparing individual technology-focused



acquisitions - especially with respect to acquisition timing and the deal value. To resolve some of this heterogeneity the author introduces the novel distinction between performance- and functionality-focused acquisitions. He characterizes this distinction based on a theoretical analysis, a qualitative study, and turns to a sample of acquisitions in the field of artificial intelligence for the quantitative study. There are two key findings. First, performance-focused acquisitions take place earlier in a target's life cycle than functionality-focused ones. Second, the deal value is - at a comparable stage in a target's life cycle - higher for performance-focused acquisitions. This thesis is relevant for management scholars and managers alike: Scholars learn about the implications of the distinction between performance- and functionality-focused acquisitions on markets for technology. Managers gain insights into how this distinction may guide their strategic decision making.