With signs of the global economy returning to growth, the decline in mergers and acquisitions that began with the Lehman Brothers collapse has bottomed out. BCG’s sixth annual M&A report includes a groundbreaking analysis of 3,500 deals from around the world since 1992 and identifies the characteristics that generate long-term value. Consolidation deals and cash-only transactions deliver higher short-term and long-term value on average. Acquisitions during downturns outperform those during boom times by 12 percentage points over two years. Despite persisting concerns about the outlook, there are attractive opportunities for companies that are ready to take advantage of them. Learn more about this publication via our video slide presentation.
Today’s business environment often demands complex, high-risk change efforts such as aggressive cost reduction, ambitious revenue enhancement, or bet-the-future turnaround programs. But the traditional project management office (PMO) is better suited to running departmental projects on time and on budget than to managing complex, interconnected, cross-enterprise efforts. What’s needed is an SIO—a strategic initiative office that focuses on organizational alignment and value delivery. The authors explore which circumstances merit an SIO and offer guiding principles for success. Read