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Why Phil Mickelson Blew the 2011 British Open

Building Personal Strength

2005 photo by Dan Perry He started the day with a seemingly miraculous front nine. He didn't do a golfer's due diligence for the shot. Second, the U.S. women's soccer team lost to Japan in the World Cup final. I watched both defeats, and it was clear to me why both of my favorites lost. Here's what happened to Phil.

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3 Common M&A Pitfalls, and How to Avoid Them

Harvard Business Review

Experience has taught me that the art of good M&A requires a combination of careful research, emotional intelligence, and attention to detail that might otherwise get overlooked; due diligence requires more than a scan through boxes of contracts and reviewing the balance sheet. In 2005, eBay spent $2.6

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Walking Away from the Big Bucks in the Pursuit of True Balance.

Women on Business

Toward the end of 2005, I started preparing my exit strategy. This due diligence included, setting a new household budget, moving investments, setting up a home equity line of credit, and finally, buying a new car (for the first time in 11 years!). Don’t get me wrong, big bucks rock!

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Why Chinese Firms' Cross-Border Deals Fall Apart

Harvard Business Review

including CNOOC's attempt to purchase Unocal in 2005 and Huawei's attempt to buy 3Leaf Systems in 2011. Failed deals impose significant out-of-pocket costs (financial advisory fees and due diligence expenses) and take up a lot of management time and energy, distracting many senior managers from important line responsibilities.

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How Midsized Companies Can Avoid Fatal Acquisitions

Harvard Business Review

When Lyndon Faulkner joined as CEO in 2005, he felt the then-$80 million firm had to make acquisitions to grow. They have strong due diligence skills. The reason is that conducting due diligence will be costly and arduous because small companies often have poor reporting and accounting systems.

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Divest With Care

Harvard Business Review

If a target got through the initial screen, the group was able to perform the necessary due diligence in three or four weeks. Happened in 2005 and was unquestionably the right move. The company did not overlook small deals if they contributed to the development of critical capabilities. IBM-Lenovo.

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An Insider’s Account of the Yahoo-Alibaba Deal

Harvard Business Review

In May of 2005, Yahoo CEO Terry Semel, cofounder Jerry Yang, corporate development executive Toby Coppel, and I — I was then chief financial officer of the Silicon Valley internet company — went on what would turn out to be a fateful trip to China. By 2005, eBay was already being locally outmatched — by none other than Jack Ma’s Taobao.