The Capabilities Premium in M&A

Every major industry faces the same important question:  What distinguishes the companies with a track record of M&A success? Gerald Adolph, Cesare Mainardi, and J. Neely of Booz & Company think they’ve found the answer.  It’s a business strategy that uses capabilities as the basis for inorganic growth. As they assert in “The Capabilities Premium in M&A,” from the Spring 2012 Strategy+Business, successful acquirers make M&A deals that either enhance their distinctive capabilities systems, leverage those systems, .....