By influencing strategic decisions and enforcing strategic changes in the company based on the real financial situation and current market position, managers try to improve the financial performance and position of the company in the relevant market. The merger of two or more companies represents an important form of external growth of the company and its market position. At the same time, mergers and acquisitions are a tool that contributes to the growth of profits and hence the value of the company, helping companies to succeed in the competitive struggle, increasing their market share. The success of the merger and acquisition process in many ways depends on the capabilities and skills of company managers. Managers see a completed and successfully managed merger or acquisition as a bridge to fame and recognition, seeking expansion, empire building, empowerment, prestige, securing their position, increasing rewards, even if this is not effective and it is not in the interests of shareholders. At the same time, managers seek to diversify their own occupational risk through integration that diversifies the company's activities to stabilize the company's profits flow and reduce the risk of bankruptcy. Zdroj anotace: Web obalkyknih.cz