0000000000928775
AUTHOR
A Mocciaro Li Destri
Disruptive power of digital startups
The image of the new digital entrepreneur has turned into an iconic image that concerns their status, celebrity, identification, and imitation. New digital entrepreneurs, who have recently started their hi-tech business in a profitable manner, are seen in the collective imagery not only as smart and successful individuals, but as real superstars, the great witnesses of our time, and the exceptional candidates for guest starring a range of video and radio shows, who are liable of wide admiration and ample emulation. Just think of Facebook’s Mark Zuckenberg or Tesla’s Elon Musk. This chapter is aimed to supplement the debate in management and entrepreneurship on the role and impact of digital…
From “Strategic Fit” to Synergy Evaluation in M&A Deals
The aim of this paper is to grasp the processes underlying the genesis and assessment of synergies in M&A deals. We proceed to an in-depth scrutiny of the foundations of synergies using Porter’s model of the value chain. A discernment of the nature of synergies and the mode of their emergence is helpful to clarify to what extent and under which boundary conditions it is appropriate to apply the DCF or the real option techniques for evaluating each type of synergy. Combining both financial tools, the methodology suggested for evaluating the synergies is able to: evaluate projects of M&As, orient the selection of target firms and the definition of the premium of acquisition, and drive…
Bringing strategy back into financial systems of performance measurement: integrating EVA and PBC
This paper proposes a performance and cost measurement system that integrates the Economic Value Added criteria (EVA) with Process Based Costing (PBC). The EVA-PBC methodology allows us to implement the EVA management logic non only at the firm level, but also at lower levels of the organization. We discuss the role of EVA-PBC methodology in bringing strategy back into financial performance measures.