Editions: Edition Preference
MBA INSIDER: A DAY IN THE LIFE SAMPLE

A Corner-Office View at Philips

A manager in charge of advising on acquisitions and divestments needs a working knowledge of all areas of business. That's where an MBA proves essential


Edo Pfennings
Manager Corporate Mergers & Acquisitions
Philips Electronics NV
MBA Class of 2004,
Instituto de Empresa


  STORY TOOLS
Printer-Friendly Version
E-Mail This Story

  RELATED ITEMS

MBA Insider: A Day In The Life Sample Archive

I'm a manager in the global Corporate Mergers & Acquisitions Dept. of Philips Electronics (PHG ), an Amsterdam (The Netherlands)-based NYSE and Euronext listed company that's worth about $40 billion. My job is to advise Philips' business managers and board of management about divesting and acquiring other companies or operations.


After finishing my International MBA at Insitituto de Empresa in Madrid in 2004, I joined Philips, which was a client of mine back when I was still an investment banker. My job at Philips has taken me all over the world, including a recent four-month stint in San Francisco, because we search the global playing field for acquisitions.

My job is dynamic and demanding. I get to work with top management (up to the CEO), the best advisers, and have the chance to see deals I've worked on announced in high-profile media.

Below is a timeline of a typical day in the Amsterdam office.

8:30 a.m. -- I go to work by bike. It's Amsterdam after all.

8:45 a.m. -- Grab a coffee and check my e-mail. I'm working on the acquisition of a NASDAQ listed company, and the lawyers from New York have sent me the new acquisition documents to check. I review the documents, which typically are a challenge to get through.

10:00 a.m. -- Meet with Corporate Strategy to discuss a presentation for the board of management which will occur within three weeks. They have asked me for input on valuation of the different exit scenarios they have created for a business unit.

11:00 a.m. -- Look at my agenda and, remembering what I learned about delegating responsibility, rush into the room of one of our junior team members. I explain, as quickly as possible, some issues on valuation, and we discuss the scenarios for the board. I'm really happy he can support me on this one, as my plate fills up quickly.

See Full Version





 BW MALL   SPONSORED LINKS
Buy a link now!

Get BusinessWeek directly on your desktop with our RSS feeds.XML

Add BusinessWeek news to your Web site with our headline feed.

Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video.

To subscribe online to BusinessWeek magazine, please click here.

Learn more, go to the BusinessWeekOnline home page

Back to Top
MBA Insider Icon =MBA Insider content
TODAY'S MOST POPULAR STORIES

  1. News Corp.'s Talks with Microsoft: A Flawed Deal?
  2. Apple's Schiller Defends iPhone App Approval Process
  3. Developers Look Past Apple's Jammed iPhone App Store
  4. Social Media Will Change Your Business
  5. Why the Cadbury Deal Matters

Get Free RSS Feed >>
  MARKET INFO
DJIA 10450.95 +132.79
S&P 500 1106.24 +14.86
Nasdaq 2176.01 +29.97

Portfolio Service Update

Stock Lookup

Enter name or ticker

  LEARN MORE

Learn about your online education options


Media Kit | Special Sections | MarketPlace | Knowledge Centers
McGraw-Hill Cos.