support new growth, businesses have to expand past their initial customer base, an often daunting task for small businesses. However, partnering with another successful company can help businesses reach a new level. Diagnostic Hybrids, specializing in medical diagnostics, did just that, partnering with Quidel, a market leader in rapid diagnostic tests. This partnership allowed Diagnostic Hybrids to enjoy a larger market presence, as well as take advantage of better research and development resources. Although Diagnostic Hybrids was acquired by Quidel, key elements of the organization remain with the same company president, and operation as a separate subsidiary.
Under the purview of changing market dynamics and strategy, put some light on the key points of acquisition process. Comment with your critical understanding.β
Answers
Answered by
0
Answer:
A further partnership option is where two or more like minded Private Companies come together to invest in an expansion strategy. For example, where two similar companies who share a common key supplier, may come together to acquire that supplier. This will secure the supply of the key materials or services as well as enhance the return of both entities. Alternatively, like minded businesses may come together to enter into a new market. This will allow all parties to pool their resources and knowledge there by increasing the likelihood of success.( confirm nhi h)
Similar questions