Mergers and acquisitions: selected epistemological aspects

Selection of modern company development strategies by means of endogenous or exogenous growth, is highly individualised. It is believed, in economic practice, that mergers and acquisitions are a natural way of development for enterprises, which is in turn part of synergy effect. In economy – management theory to be precise – these processes are analysed closely and examined thoroughly. Management theory focuses on these processes and examines them in a broad perspective. Practice shows that concentrations exist, that can lead to industrial conglomerates or establishment of corporations encompassing businesses that are often unrelated. Companies with a holding structure can also be established. The goal of the article it to organise the terminology and definitions from the scope of mergers and acquisitions. Based on theoretical considerations and own business experience, the author defines the role and meaning of knowledge in modern economic processes.