22 St rateg y& Fore sight Vol.11 2017 Spr i ng 2015 5 40 DBS 2015 2 1980 M&A 30 400 DBS M&A DBS Danaher M&A 23 St rateg y& Fore sight Vol.11 2017 Spr i ng Strategy& 15 IT M&A SCM MIT Systematic Change Management: Five Capabilities for Improving Enterprises Palgrave Macmillan 2015 Strategy& strategy+ business mitsuru.toizaki@ strategyand.jp.pwc.com kleiner_art@ strategy-business.com 2013 400 DBS S