Submitted by 8008l on August 5, 2007

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Lester Electronics

Lester Electronics Benchmarking
Lester Electronics (Lester) finds itself faced with a difficult decision after years of profitability and growth due in large part to its long-term relationship with Shang-wa (University of Phoenix, n.d.). Threatened with the loss of its exclusive distributorship of Shang-wa capacitors, it must decide whether to recommend a joint development with Shang-wa, the acquisition of or merger with Shang-wa, or a takeover by Avral Electronics, S.A.
Hawanini and Viallet (1999) believe that “the ultimate objective of financial management is value creation (p. 39)” and that “managers should manage their firm’s resources with the objective of increasing...

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