HIGH FIVE

"Acquire not just for scale but also for capability"

Balkrishan Goenka chairman, Welspun Group, on five ways to effectively manage an overseas acquisition 

Soumik Kar

Support your strategic intent: While it isn’t wrong to be attracted to an exciting opportunity, always ask yourself, ‘is this something I really want to do?’ The decision to acquire or partner with a new venture must always support your vision and the strategic intent you have for your business. Acquire not just for the scale but also for the capability, since that is what will pay off in the long run.