Purpose – This paper seeks to propose a definition of strategic mergers and acquisitions (M&A) that is illustrated by way of case study. It also aims to introduce the strategic concept of “nascent franchise.” Design/methodology/approach – The proposed definition is based on existing...

Purpose – This paper seeks to analyze the applicability of the time‐tested margin of safety principle from value investing to corporate strategy. Design/methodology/approach – The main source of this paper is the book Margin of Safety , supplementation materials, including a discussion...