Merger strategy: An examination of Drucker's five rules for successful acquisitions
批判性地检验了彼得·德鲁克提出的成功收购五条规则，通过回顾支持和反对的实证证据与观点，发现这些规则缺乏充分证据支持，盲目遵循可能限制管理者的成功机会。
Abstract This paper critically examines five rules for making successful acquisitions advocated by Peter Drucker. In an attempt to verify the rules, supporting and non‐supporting empirical evidence, opinions and arguments are reviewed. The analysis suggests that the rules are not conclusively supported by current evidence or argument. Adopting these rules does not ensure successful acquisitions and may needlessly limit managers' opportunities for successful acquisitions.