Taking costs out in and of itself

English translation: Meaning: that the fact of taking costs out of the company's structure does not justify by itself...

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Taking costs out in and of itself
Selected answer:Meaning: that the fact of taking costs out of the company's structure does not justify by itself...
Entered by: MikeGarcia

18:45 Aug 27, 2006
English language (monolingual) [PRO]
Bus/Financial - Management / bank merger
English term or phrase: Taking costs out in and of itself
Most banking mergers are, at their heart, cost plays. This is interesting because the basis of competition in financial services – that is, the ability to earn superior sustainable financial returns – is all about customer loyalty. It was Royal Bank of Scotland’s ability to use technology to better satisfy customers, and thereby win a larger share of wallet, that made this deal so successful. Taking costs out in and of itself is generally not a compelling enough reason to justify merger premium.
By contrast, the recent wave of media combinations has consisted mostly of revenue plays, predicated on nebulous revenue synergies that in most cases have not panned out. Vivendi – which we cited in chapter 2 for its faulty investment thesis in buying media properties – is only the most egregious example of faulty due diligence and exaggerated estimates of synergies

Većina bankarskih fuzija su, u svom srcu, igre troškova. To je zanimljivo jer se temelj tržišnog natjecanja u financijskim uslugama – odnosno, sposobnost zarade superiornih održivih financijskih profita – uglavnom vrti oko odanosti potrošača. Sposobnost korištenja tehnologije kraljevske banke Škotske kako bi bolje ugodila svojim korisnicima, a time osvajanje većeg dijela lisnice, bilo je ono što je napravilo ovaj posao tako uspješnim. Gledanje troškova iznutra i izvana po sebi nije dovoljno snažan razlog da opravda premiju fuzije.
Za usporedbu, nedavan val radiotelevizijskih kombinacija se sastojao uglavnom od poigravanja prihoda, utemeljenim na nebuloznih sinergijama prihoda koje su u većini slučajeva bile neuspješne. Vivendi – koji smo naveli u 2. poglavlju zbog pogrešne investicijske postavke prilikom kupnje televizijskih medijskih nekretnina – je samo najupadljiviji primjer lošeg dubinskog snimanja i preuveličane procjene sinergija.
alen botica
Local time: 07:12
Meaning: that the fact of taking costs out of the company's structure does not justify by itself...
Explanation:
"...paying a merger premium".-
Selected response from:

MikeGarcia
Spain
Local time: 07:12
Grading comment
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +7Meaning: that the fact of taking costs out of the company's structure does not justify by itself...
MikeGarcia


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +7
taking costs out in and of itself
Meaning: that the fact of taking costs out of the company's structure does not justify by itself...


Explanation:
"...paying a merger premium".-

MikeGarcia
Spain
Local time: 07:12
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  NancyLynn
29 mins
  -> Thanks, Nancy.-

agree  David Hollywood
33 mins
  -> Thanks, David.-

agree  Dave Calderhead
4 hrs
  -> Thanks, Dave.-

agree  Veronica Prpic Uhing
9 hrs
  -> Thanks VPUHING.-

agree  Suzan Hamer: but I would say "does not by itself justify" . . . Or even cleaner English: "Taking costs out [Deducting costs?] is not generally a compelling enough reason to justify merger premium."
10 hrs
  -> Many thanks, Suzan.- A very "au point" observation.-

agree  Alfa Trans (X)
22 hrs
  -> Thanks, Marju.-

agree  carolmoraiss
3105 days
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search