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1 Strategy& Foresight vol Winter M&A M&A M&A 10

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3 vol WINTER Strategy& Foresight Contents 特集 M&A 巻頭言 M&A 3 4 M&A Strategy& Foresight Vol Winter 1

4 2 Strategy& Foresight Vol Winter

5 M&A strategyand.pwc.com Strategy& 20 M&A M&A M&A M&A M&A M&A M&A M&A M&A M&A M&A M&A M&A Strategy& Foresight Vol Winter 3

6 M&A M&A 1990 Strategy& IT 4 Strategy& Foresight Vol Winter

7 kellogg.northwestern.edu strategyand.pwc.com strategyand.pwc.com Strategy& Strategy& CEO The Essential Advantage: How to Win with a Capabilities- Driven Strategy Harvard Business Review Press, PC M&A B2B IKEA IKEA strategyand.pwc.com/cds Strategy& Capable Company Research Project Strategy& Foresight Vol Winter 5

8 strategyand.pwc.com Strategy& IKEA IKEA 1 M&A M&A 6 Strategy& Foresight Vol Winter

9 12 M&A Vol.20 (2012 Summer) M&A M&A 1990 P&G M&A P&G 2000 IT The Big Bite of Small Brands strategy+business 2013 Autumn Strategy& Foresight Vol Winter 7

10 P&G IT Sunk Costs and Market Structure: Price Competition, Advertising, and the Evolution of Concentration MIT Press Strategy& Foresight Vol Winter

11 Strategy& Foresight Vol Winter 9

12 strategyand. pwc.com/cds-way-to-play The New Super Competitors by Thomas N. Hubbard, Paul Leinwand, Cesare Mainardi, strategy+business, Issue 76 Autumn Strategy& Foresight Vol Winter

13 M&A M&A M&A 1 M&A Strategy& Foresight Vol Winter 11

14 12 Strategy& Foresight Vol Winter Strategy& M&A strategy+business 15 gerald.adolph@ strategyand.pwc.com Strategy& 20 yosihyuki.kishimoto@ strategyand.pwc.com

15 1 M&A % 76% 63% 37% 49% 51% =213 =128 =87 Strategy& 2 3 Strategy& Foresight Vol Winter 13

16 2 M&A % Strategy& M&A 2 M&A Strategy& Foresight Vol Winter

17 15 Strategy& Foresight Vol Winter

18 16 Strategy& Foresight Vol Winter M&A M&A IT

19 IT M&A M&A Gerald Adolph and Justin Pettit, with Michael Sisk, Merge Ahead, Chapter 8, McGrow-Hill, 2009 Strategy& Foresight Vol Winter 17

20 M&A 10 M&A M&A M&A M&A M&A 2 M&A 5 M&A 1. M&A M&A M&A CEO M&A M&A CFO 18 Strategy& Foresight Vol Winter

21 19 Strategy& Foresight Vol Winter 3 CEO M&A 90 M&A 2. M&A M&A M&A 3. M&A B2B Strategy& Strategy& M&A barry.jaruzelski@ strategyand.pwc.com marian.mueller@ strategyand.pwc.com Strategy& M&A peter.conway@ strategyand.pwc.com

22 strategyand.pwc.com Strategy& IT PMI strategyand.pwc.com Strategy& 4. M&A M&A NDA M&A NDA M&A 5. M&A 6. M&A M&A CEO 20 Strategy& Foresight Vol Winter

23 21 Strategy& Foresight Vol Winter M&A M&A M&A 7. M&A 8. M&A Strategy& M&A M&A M&A

24 9. M&A M&A 10. M&A M&A M&A Top M&A Fallacies and Self Deceptions, by Barry Jaruzelski, Marian Mueller, and Peter Conway, strategy + business, online November 23, Strategy& Foresight Vol Winter

25 M&A PMI 1 Strategy& PMI PMI Strategy& Strategy& Foresight Vol Winter 23

26 strategyand.pwc.com Strategy& IT PMI 1. Dos Don ts Strategy& Foresight Vol Winter

27 2 2 Strategy& Strategy& Foresight Vol Winter 25

28 Strategy& 26 Strategy& Foresight Vol Winter

29 4. 5. Strategy& Foresight Vol Winter 27

30 28 Strategy& Foresight Vol Winter 6.

31 29 Strategy& Foresight Vol Winter 7. 1

32 Strategy& Foresight Vol Winter

33 9 1 1 Strategy& Foresight Vol Winter 31

34 Media highlights 10 Strategy& , R&D 7171, R&D 2014R&D 5 R&D E Strategy& について Strategy& 100PwC ,000 PwC 経営課題に関するご相談はこちらまで [email protected] Fax Strategy& Foresight Vol Winter

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36 Strategy& 100 PwC ,000 PwC PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details. Disclaimer: This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

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