According to McKinsey’s report, 67% of the domestic enterprises’ overseas investments have failed. Why does China have such a high failure ratio? What kind of barriers do the Chinese enterprises often encounter in transnational M&A and how do they overcome these barriers? What should we learn from the failures and what can we learn from the western rivals?
On Nov 17th and Nov 18th, Mr. Jake Cohen, Senior Associate Dean for Undergraduate and Master’s Programs at the MIT Sloan School of Management addressed an extraordinary lecture in Fudan. In this 3-hour class, Prof. Jake Cohen introduced issues of corporate strategy, mergers and acquisitions, financial statements analysis, and other topics related to a red wine company case.
Prior to his academic career, Jake worked as an accountant at KPMG LLP in Philadelphia, and as a mergers & acquisition consultant for Price water house Coopers LLP in New York City. As an academic, he has consulted for a number of organizations including: BCG, Bain, Blackstone, ArcelorMittal, Schlumberger, Bel, Accenture, and BMO Capital.
Not only his rich experience in M&A, but the step-by-step way he delivered the concepts and examples and analyses he gave, like GE, JP Morgan, Citigroup, as a whole, made this lecture full of profound, original and challenging insights.
By 2014 IMBA Qian Zhujian
November,2014
