Corporate Divestiture Management [electronic resource] : Organizational Techniques for Proactive Divestiture Decision-Making / by Jan-Hendrik Sewing.
By: Sewing, Jan-Hendrik [author.].
Contributor(s): SpringerLink (Online service).
Material type:
BookPublisher: Wiesbaden : Gabler, 2010Description: XXII, 266 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783834986610.Subject(s): Economics | Industrial management | Economics/Management Science | Management/Business for ProfessionalsDDC classification: 650 Online resources: Click here to access online Foundations for understanding the divestiture phenomenon under analysis -- Prescriptive design of divestiture decision-making -- Behavioral and institutional factors influencing divesture decisions in practice -- Consolidation of conceptual and theoretical elements into a framework -- Empirical study in diversified DAX-30 companies -- Findings from the empirical study and refinement of the framework -- Conclusion.
Corporate divestitures can be a strategic tool for value creation when approached proactively. Despite their high managerial relevance, however, divestiture decisions are often made on a relatively unstructured and irrational basis, lacking routines and professional management. The entire field is very opaque and has been under-researched up to now – especially the behavioral limitations that play an important role as a managerial barrier to timely exits. Jan-Hendrik Sewing makes a significant contribution to opening the black box of current divestiture decision-making. He uses detailed case studies, including numerous interviews with corporate executives and experts from management consulting, private equity, and investment banking. The author develops a conceptual framework to identify remedies to behavioral pathologies and their origins. The study highlights multiple techniques for pursuing divestitures proactively and formulates best-practice recommendations.
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