International Ventures, Mergers & Acquisitions

Internationalization of business; motives for international expansion; routes to international business including exporting, licensing, franchising, contract manufacturing, management contracts, turnkey projects, wholly owned subsidiaries, strategic alliances, joint ventures, mergers and acquisitions; factors influencing market entry decisions; stages of internationalization; concept of foreign direct investment (FDI).

Concept, characteristics, and objectives of international joint ventures; strategic alliances and collaborative arrangements; motives and types of joint ventures; partner selection and evaluation; legal, financial, and operational aspects of joint venture management.

Concept and significance of mergers, acquisitions, divestitures, and demergers; strategic motives for M&A; theories and types of mergers and acquisitions; stages in the M&A process; takeover strategies and takeover bids; reverse mergers; concepts of corporate restructuring and business reorganization.

Cross-border mergers and acquisitions; strategic analysis using SWOT analysis, BCG Matrix, and Porter’s Five Forces Model; legal, regulatory, financial, and cultural issues in international M&A; due diligence process; integration planning and implementation; organizational and human resource issues in mergers.

Principles of business valuation; factors affecting valuation; Discounted Cash Flow (DCF) approach; economic value added (EVA); asset-based and market-based valuation methods; sensitivity analysis; synergy valuation.