Technology-focused Acquisitions : : Performance and Functionality as Differentiators / / Jan Paul Stein.

• Superior document: Title is part of eBook package: De Gruyter DG OWV ebook Paket Lehrbücher Wirtschaftswiss. 2017
• VerfasserIn: Stein, Jan Paul,
• Place / Publishing House: München ;, Wien : : De Gruyter Oldenbourg, , [2017]; ©2017
• Year of Publication: 2017
• Language: English
• Physical Description: 1 online resource (XXII, 206 p.)

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.

Table of Contents

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