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Wednesday, 24 July 2013

Effects of Mergers- The first and second decades of the 21st Century has seen a wave of mergers

The first decade of the 21st Century has seen a wave of mergers. In some industries, a few massive companies dominate the market. In banking Citigroup, JPMorgan Chase, Bank of America and Wells Fargo now control 70 percent of bank capital, up from 50 percent in the 1980s. The same goes for energy, with companies such as ExxonMobil and ChevronTexaco; agriculture (Archer Daniels Midland, Monsanto,) and information technology (Apple, Microsoft, Google, Intel.) If those companies are inefficient, how is it that they are able to drive out more efficient small and medium companies out of business? If you were the owner of a small or medium company, how would you compete against the giants?

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