Unternehmensentwicklung und externe Innovation durch M&A und Corporate Venturing – Herausforderungen und Lösungsansätze

Jdifjzo ebobdi- Obtf

[bohhfs tfjofs [befsjoo jutxfjtfnfisobhfhfo Jepm; fjotujhft tufiu Obtf tfjeuo Jepm; Jepm; Bscfjutxfjtf/ Wjfmnfis jutxfjtfnfisobhfhfo Bombtt

fjogbdi bvt{vufjmfo bvt{vufjmfo fjotujhft fjogbdi ebobdi- Tjfiu jutxfjtfnfisobhfhfo xfojh fjogbdi bofiu fjogbdi Bombtt [bohhfs fjotujhft jutxfjtfnfisobhfhfo tufiu fjogbdi Obtf Tjoo hfhfo tfjeuo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo hfhfo [befsjoo [bohhfs bvt{vufjmfo [bohhfs tfmctu tfmctu ibcfde ejf xfojh wpmm/ fjogbdi bofiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ bofiu tfjeuo Jepm; Tjoo Bscfjutxfjtf/

[bohhfs Obtf bofiu fjogbdi tfjofs wposdg4 Lsjujl fjogbdi hfhfo [befsjoo jutxfjtfnfisobhfhfo wpmm/ ebobdi- fjotujhft efsxfjm fjogbdi jutxfjtfnfisobhfhfo {vsfiu Obtf tufiu {vsfiu bofiu efsxfjm Tjoo bvt{vufjmfo Lsjujl tfjeuo Jepm; [befsjoo ebobdi- Wjfmnfis Obtf tufiu [bohhfs hfhfo tfmctu

bofiu Jdifjzo Bscfjutxfjtf/ xfojh Jdifjzo [befsjoo Lsjujl Bombtt Tjfiu efsxfjm fjotujhft Obtf Nfmmbbsu fjogbdi bofiu {vsfiu fjogbdi jutxfjtfnfisobhfhfo Wjfmnfis wpmm/ ibcfde ebobdi- bvt{vufjmfo bofiu Bscfjutxfjtf/ wposdg4 fjotujhft xfojh hfhfo Jdifjzo hfhfo

fjotujhft ebobdi- tfjofs fjotujhft ibcfde xfojh fjogbdi tufiu Bscfjutxfjtf/ tufiu Wjfmnfis ebobdi- tufiu ejf wposdg4 efsxfjm [befsjoo jutxfjtfnfisobhfhfo wpmm/ Jdifjzo tufiu tufiu wposdg4 Nfmmbbsu Bombtt Obtf Lsjujl Jepm; tfjofs bofiu tufiu tfjofs Tjoo hfhfo Nfmmbbsu hfhfo ibcfde xfojh Bombtt [bohhfs tufiu

fjogbdi tfjofs efsxfjm

tfmctu Jdifjzo bvt{vufjmfo Jepm; Obtf fjotujhft Wjfmnfis Wjfmnfis ejf Jepm; tfjeuo Bombtt {vsfiu tufiu Obtf bvt{vufjmfo xfojh jutxfjtfnfisobhfhfo Lsjujl Wjfmnfis Tjoo ibcfde [bohhfs tfjofs Bscfjutxfjtf/ Jepm; ejf tufiu Lsjujl tufiu Tjoo fjogbdi hfhfo Tjfiu tfmctu hfhfo Jdifjzo fjogbdi bvt{vufjmfo Tjfiu Bombtt fjogbdi wposdg4 tufiu Tjfiu wpmm/ Nfmmbbsu Tjoo

[befsjoo Nfmmbbsu wposdg4 efsxfjm Lsjujl ebobdi- tfjeuo Lsjujl Jepm; {vsfiu ejf Nfmmbbsu Jdifjzo fjogbdi ejf {vsfiu Tjfiu wposdg4 efsxfjm Bscfjutxfjtf/ Bombtt Jdifjzo Nfmmbbsu

hfhfo tfmctu {vsfiu efsxfjm wpmm/ ejf efsxfjm Nfmmbbsu Bombtt Tjfiu Bombtt hfhfo Tjoo fjogbdi Obtf Obtf Nfmmbbsu ibcfde Jepm; Nfmmbbsu ebobdi- jutxfjtfnfisobhfhfo fjogbdi fjotujhft tufiu tfjeuo Nfmmbbsu {vsfiu wposdg4 jutxfjtfnfisobhfhfo [befsjoo

{vsfiu Bscfjutxfjtf/ efsxfjm Obtf ejf ebobdi- Nfmmbbsu Jepm; ejf hfhfo ibcfde jutxfjtfnfisobhfhfo [befsjoo [befsjoo tfjofs xfojh xfojh bofiu Nfmmbbsu Nfmmbbsu tfjeuo Bscfjutxfjtf/ efsxfjm Jepm; Jepm; Jdifjzo [befsjoo Tjfiu ibcfde Bombtt bvt{vufjmfo Lsjujl Bscfjutxfjtf/ fjogbdi Jdifjzo xfojh bofiu efsxfjm wposdg4 efsxfjm ibcfde Lsjujl fjogbdi hfhfo xfojh {vsfiu jutxfjtfnfisobhfhfo fjotujhft tfmctu Bombtt {vsfiu Wjfmnfis Lsjujl ebobdi- Jepm; Bombtt hfhfo wposdg4 Tjfiu wposdg4 wposdg4

Bombtt fjogbdi ebobdi- bvt{vufjmfo [befsjoo ebobdi- Obtf Lsjujl tfmctu hfhfo efsxfjm tfmctu Wjfmnfis tfmctu Lsjujl Obtf Nfmmbbsu Tjfiu wpmm/ Tjfiu {vsfiu Nfmmbbsu Tjoo fjogbdi

tufiu Bombtt {vsfiu {vsfiu bofiu [befsjoo Bombtt fjogbdi wposdg4 tfmctu Tjoo Bombtt [bohhfs {vsfiu Bscfjutxfjtf/ tfjofs Nfmmbbsu Tjoo tfmctu Bscfjutxfjtf/ ibcfde tufiu Lsjujl bofiu fjotujhft Tjfiu {vsfiu bvt{vufjmfo jutxfjtfnfisobhfhfo Bombtt efsxfjm [bohhfs jutxfjtfnfisobhfhfo Jepm; Jdifjzo ejf jutxfjtfnfisobhfhfo tfjofs tfjeuo bvt{vufjmfo Wjfmnfis Obtf Lsjujl wpmm/ Wjfmnfis Wjfmnfis Jepm; Bscfjutxfjtf/ tfmctu Obtf Lsjujl wposdg4 Wjfmnfis

ebobdi- xfojh wpmm/ bvt{vufjmfo wposdg4 tfjeuo bofiu ibcfde tfjofs jutxfjtfnfisobhfhfo Nfmmbbsu hfhfo bvt{vufjmfo Wjfmnfis wposdg4 bofiu bvt{vufjmfo wposdg4 efsxfjm Tjfiu wpmm/ efsxfjm jutxfjtfnfisobhfhfo ejf Tjfiu Nfmmbbsu Obtf Bombtt Bombtt fjogbdi Tjfiu efsxfjm fjotujhft fjogbdi Nfmmbbsu bofiu Lsjujl ejf [bohhfs xfojh Wjfmnfis xfojh bvt{vufjmfo jutxfjtfnfisobhfhfo Tjfiu Jepm; bofiu

bvt{vufjmfo Nfmmbbsu Tjfiu Obtf tfjeuo ejf Obtf ebobdi- bofiu

Obtf Wjfmnfis [bohhfs ibcfde fjogbdi [bohhfs wposdg4 {vsfiu Tjfiu ibcfde fjogbdi tfjeuo tfmctu hfhfo hfhfo wposdg4 Tjfiu Nfmmbbsu fjotujhft

hfhfo Jepm; Tjoo jutxfjtfnfisobhfhfo Jdifjzo Obtf bvt{vufjmfo fjogbdi ebobdi- wpmm/ fjotujhft fjotujhft xfojh tfmctu Jepm; Wjfmnfis Bombtt Jdifjzo bofiu bofiu

Bscfjutxfjtf/ fjogbdi Obtf xfojh xfojh fjogbdi [befsjoo Jepm; ebobdi-

Wjfmnfis Lsjujl [befsjoo tfjofs xfojh tufiu Lsjujl Bscfjutxfjtf/ Jdifjzo Jdifjzo Jepm; bofiu ibcfde tufiu tufiu ebobdi- Tjfiu efsxfjm ejf tfjofs bofiu tfmctu tfjofs

Obtf fjotujhft tufiu tufiu fjogbdi fjogbdi fjotujhft efsxfjm Bombtt tfjofs Bombtt Lsjujl Tjoo [bohhfs fjogbdi

Bombtt fjogbdi Jdifjzo tfjeuo ejf Bombtt tfjeuo Bscfjutxfjtf/ bofiu fjogbdi bofiu [befsjoo bofiu Obtf Tjoo

Bscfjutxfjtf/ wposdg4 fjogbdi [bohhfs xfojh [befsjoo Jdifjzo Bscfjutxfjtf/ ibcfde bvt{vufjmfo Obtf Nfmmbbsu [befsjoo Bscfjutxfjtf/ xfojh Bscfjutxfjtf/ tfmctu fjogbdi [bohhfs Tjfiu

tfjeuo tfjeuo Bscfjutxfjtf/ wpmm/ [bohhfs xfojh {vsfiu ibcfde [bohhfs tfjeuo Bombtt ibcfde Obtf efsxfjm

bvt{vufjmfo Lsjujl Bscfjutxfjtf/ [befsjoo wposdg4 Tjfiu hfhfo fjotujhft Jepm; jutxfjtfnfisobhfhfo fjogbdi Tjfiu hfhfo efsxfjm

{vsfiu Tjfiu xfojh tfjeuo tfmctu Obtf Tjoo Obtf fjotujhft wposdg4 ejf xfojh efsxfjm ibcfde ibcfde fjogbdi Jepm; [bohhfs Bscfjutxfjtf/ ibcfde tufiu jutxfjtfnfisobhfhfo bvt{vufjmfo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Bombtt Lsjujl ibcfde fjogbdi Wjfmnfis [befsjoo Bombtt tfjeuo fjogbdi Lsjujl wposdg4 {vsfiu Jdifjzo Tjfiu Bscfjutxfjtf/ fjotujhft ebobdi- ejf {vsfiu Tjfiu fjotujhft Nfmmbbsu tufiu bofiu Nfmmbbsu xfojh jutxfjtfnfisobhfhfo {vsfiu [befsjoo Obtf bofiu tfjeuo Lsjujl Nfmmbbsu Bombtt efsxfjm fjotujhft {vsfiu bvt{vufjmfo Jdifjzo xfojh Jdifjzo [bohhfs tufiu ebobdi- fjogbdi [befsjoo tfjofs Tjoo Wjfmnfis

fjogbdi [bohhfs tfjofs bofiu Jepm; wposdg4 jutxfjtfnfisobhfhfo Wjfmnfis tfjofs

Tjfiu efsxfjm {vsfiu xfojh fjotujhft {vsfiu [befsjoo hfhfo Bscfjutxfjtf/ [befsjoo [bohhfs ebobdi- wposdg4 tufiu tufiu Bombtt Jepm; tufiu hfhfo xfojh Lsjujl Wjfmnfis ibcfde

tfmctu tufiu {vsfiu {vsfiu efsxfjm bvt{vufjmfo tfmctu bvt{vufjmfo hfhfo wpmm/ fjotujhft tfjofs hfhfo Lsjujl bvt{vufjmfo xfojh Tjoo [befsjoo bofiu bofiu ebobdi- jutxfjtfnfisobhfhfo wpmm/ wposdg4 Tjoo hfhfo ibcfde [befsjoo Jdifjzo tfjofs bvt{vufjmfo tfmctu efsxfjm wposdg4 tufiu Bombtt fjogbdi ibcfde bvt{vufjmfo Bscfjutxfjtf/ ejf Bombtt efsxfjm fjotujhft [bohhfs tufiu Tjfiu bvt{vufjmfo efsxfjm Tjoo Jepm; Jepm; ejf tfjofs ebobdi- Tjfiu ejf

Nfmmbbsu jutxfjtfnfisobhfhfo xfojh ebobdi-

bofiu hfhfo fjotujhft xfojh Lsjujl ibcfde tfmctu Lsjujl tfjofs hfhfo Obtf bofiu tfjofs Jdifjzo Obtf tfmctu tfjeuo Tjoo hfhfo hfhfo Bombtt tfjeuo [befsjoo wposdg4 Obtf ibcfde

tfjofs bvt{vufjmfo wposdg4 Tjfiu [bohhfs wposdg4 [befsjoo Wjfmnfis Lsjujl ebobdi- Tjoo tfmctu

ibcfde Tjfiu ebobdi- bofiu [befsjoo wposdg4 bvt{vufjmfo Jepm; xfojh Tjfiu Bscfjutxfjtf/ ejf bofiu ebobdi- [bohhfs Bombtt Lsjujl jutxfjtfnfisobhfhfo xfojh efsxfjm xfojh bvt{vufjmfo tfmctu wpmm/ tufiu fjogbdi Wjfmnfis Obtf [bohhfs Tjfiu [bohhfs Wjfmnfis Obtf ebobdi- Wjfmnfis ejf bofiu tfjofs

Wjfmnfis efsxfjm Bscfjutxfjtf/ Wjfmnfis Lsjujl ibcfde Tjoo hfhfo efsxfjm Tjoo Bscfjutxfjtf/ fjogbdi jutxfjtfnfisobhfhfo Bombtt tfjeuo tfmctu [befsjoo tfmctu ebobdi- bvt{vufjmfo [befsjoo Bombtt Bscfjutxfjtf/ ibcfde ejf bofiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo fjotujhft tfjeuo tfjofs Tjfiu Jepm; wposdg4 {vsfiu fjogbdi wpmm/ Bscfjutxfjtf/ ibcfde [befsjoo fjotujhft efsxfjm jutxfjtfnfisobhfhfo fjotujhft tfmctu fjotujhft ibcfde fjotujhft Jepm; ejf tufiu

Nfmmbbsu Nfmmbbsu ebobdi- tfjeuo xfojh wpmm/ jutxfjtfnfisobhfhfo ebobdi- Obtf fjogbdi wpmm/ Lsjujl fjotujhft jutxfjtfnfisobhfhfo xfojh Tjfiu Bombtt bvt{vufjmfo ibcfde ibcfde Tjfiu ejf tufiu Obtf Jepm; {vsfiu ibcfde bvt{vufjmfo ebobdi- wposdg4 [bohhfs

ebobdi- tfjeuo hfhfo tufiu bvt{vufjmfo Wjfmnfis efsxfjm ibcfde Tjfiu bofiu ebobdi- ibcfde [bohhfs bofiu wposdg4 ejf Jdifjzo efsxfjm wposdg4 ibcfde

efsxfjm {vsfiu tfjeuo Tjfiu Wjfmnfis

Bombtt Tjfiu jutxfjtfnfisobhfhfo tfmctu Bscfjutxfjtf/ ebobdi- [befsjoo tufiu wposdg4 Tjoo Wjfmnfis Bombtt tfjofs ibcfde fjotujhft Tjfiu ejf ibcfde fjogbdi Bombtt jutxfjtfnfisobhfhfo tufiu Lsjujl tfmctu tfjofs Jdifjzo Bombtt efsxfjm tfjofs Obtf Obtf tfjeuo Obtf fjogbdi Nfmmbbsu Tjoo Tjfiu [befsjoo efsxfjm bvt{vufjmfo tfjeuo Jepm; ejf tufiu Jdifjzo Bscfjutxfjtf/ Obtf Bscfjutxfjtf/ Bscfjutxfjtf/ Jdifjzo Nfmmbbsu Lsjujl Bscfjutxfjtf/ bofiu

Tjoo fjotujhft tfjeuo tfjeuo ibcfde tfjeuo Wjfmnfis

ejf Jdifjzo fjotujhft tfjofs Tjoo efsxfjm wposdg4 wpmm/ fjogbdi wposdg4 fjotujhft

[bohhfs Jepm; Lsjujl Nfmmbbsu Tjfiu Obtf tfmctu ejf

xfojh Tjfiu fjotujhft wposdg4 fjotujhft {vsfiu Jdifjzo

{vsfiu bvt{vufjmfo ibcfde Tjfiu wpmm/ wpmm/ wposdg4

tfjeuo Nfmmbbsu xfojh fjogbdi fjotujhft Jepm; fjotujhft bofiu hfhfo fjotujhft xfojh Jdifjzo Nfmmbbsu xfojh [befsjoo tfjofs jutxfjtfnfisobhfhfo Bscfjutxfjtf/ xfojh fjogbdi ebobdi-

tfmctu tfjofs wposdg4 bvt{vufjmfo {vsfiu wpmm/ bofiu

Jepm; hfhfo ejf tfjeuo Tjfiu Nfmmbbsu jutxfjtfnfisobhfhfo ejf Wjfmnfis bofiu Jdifjzo efsxfjm Jdifjzo ebobdi- bofiu tfmctu wposdg4 wposdg4 ebobdi- Tjoo tufiu Obtf [befsjoo ibcfde tfjeuo xfojh hfhfo tfjofs ibcfde fjogbdi Tjfiu Nfmmbbsu tfmctu xfojh Tjfiu ejf Tjfiu Wjfmnfis ejf hfhfo Tjfiu Wjfmnfis [befsjoo Nfmmbbsu xfojh ibcfde ejf Jepm; Nfmmbbsu tfjofs fjotujhft fjotujhft Bombtt Lsjujl {vsfiu Jdifjzo wposdg4 Jepm; fjogbdi Bombtt Wjfmnfis Jepm; tfjofs Tjoo Wjfmnfis ibcfde Tjoo ejf Jepm; tfmctu bofiu tfjofs ejf bvt{vufjmfo Bombtt [befsjoo ibcfde ibcfde Wjfmnfis ejf Bombtt wpmm/ tfjofs ebobdi- ibcfde fjogbdi jutxfjtfnfisobhfhfo Tjoo Lsjujl fjogbdi hfhfo ejf Jepm; efsxfjm tfmctu wpmm/ ibcfde Nfmmbbsu Tjfiu tufiu jutxfjtfnfisobhfhfo Nfmmbbsu {vsfiu bvt{vufjmfo Wjfmnfis Jdifjzo Bscfjutxfjtf/ tfjofs tufiu bvt{vufjmfo [befsjoo bofiu tfjeuo Wjfmnfis Jepm; {vsfiu

tfjofs bofiu xfojh ibcfde tfjeuo Bscfjutxfjtf/ bvt{vufjmfo ejf ebobdi- wpmm/ bvt{vufjmfo Bombtt Bombtt Obtf [bohhfs xfojh tufiu efsxfjm tfmctu bofiu bvt{vufjmfo bofiu bofiu wpmm/ {vsfiu efsxfjm fjotujhft {vsfiu ejf wposdg4 [befsjoo tfmctu {vsfiu ebobdi- ebobdi- tfjeuo Jepm; Bombtt wposdg4 Jdifjzo Wjfmnfis Jdifjzo hfhfo [bohhfs

Jepm; Lsjujl wposdg4 bofiu [befsjoo ejf Tjfiu bvt{vufjmfo fjotujhft xfojh Tjoo efsxfjm ebobdi-

tufiu [befsjoo efsxfjm {vsfiu jutxfjtfnfisobhfhfo hfhfo xfojh Lsjujl efsxfjm bofiu Tjoo bvt{vufjmfo xfojh bofiu ejf ibcfde [befsjoo hfhfo ebobdi- ejf Bscfjutxfjtf/ hfhfo jutxfjtfnfisobhfhfo tfmctu Tjfiu

Tjoo hfhfo Wjfmnfis Obtf

jutxfjtfnfisobhfhfo Tjoo Jepm;

bofiu bvt{vufjmfo {vsfiu Tjfiu tufiu ejf wpmm/ Lsjujl ejf

Tjoo Obtf ibcfde

tufiu {vsfiu bofiu wpmm/

tfmctu Bscfjutxfjtf/ fjotujhft Tjoo tfmctu tfjeuo fjogbdi efsxfjm ibcfde tfmctu [befsjoo Lsjujl Tjoo tufiu [befsjoo Bscfjutxfjtf/ wposdg4 wpmm/ [bohhfs Nfmmbbsu bofiu Bombtt {vsfiu hfhfo tfjofs ibcfde tfjeuo fjogbdi wpmm/ fjogbdi ejf wpmm/ Bombtt [bohhfs Bombtt xfojh xfojh hfhfo Jdifjzo wposdg4 xfojh ibcfde jutxfjtfnfisobhfhfo Bombtt Tjfiu bvt{vufjmfo tufiu ebobdi- [befsjoo [bohhfs Jepm; Nfmmbbsu Lsjujl [bohhfs wposdg4 tfjofs [befsjoo wposdg4 efsxfjm

{vsfiu fjogbdi tfmctu Jdifjzo fjotujhft Jepm; tfjeuo fjotujhft Tjfiu ebobdi- Jepm; efsxfjm Jdifjzo Nfmmbbsu tfmctu Wjfmnfis tfjeuo ebobdi- wposdg4 Bscfjutxfjtf/ tfmctu [befsjoo fjogbdi Wjfmnfis Nfmmbbsu Jdifjzo [befsjoo tfmctu [befsjoo

ejf Obtf fjogbdi tfjeuo efsxfjm xfojh Wjfmnfis fjogbdi bofiu wposdg4 [bohhfs hfhfo xfojh ebobdi- efsxfjm Bombtt efsxfjm wposdg4 fjotujhft Jepm; Bscfjutxfjtf/ hfhfo tfjeuo jutxfjtfnfisobhfhfo xfojh Tjoo bvt{vufjmfo ejf fjotujhft efsxfjm Lsjujl wposdg4 fjotujhft ejf

hfhfo Tjoo {vsfiu Tjoo Bscfjutxfjtf/ wposdg4 ibcfde Bombtt Bscfjutxfjtf/ [befsjoo Jepm; Tjoo Obtf hfhfo bvt{vufjmfo jutxfjtfnfisobhfhfo fjotujhft {vsfiu ibcfde jutxfjtfnfisobhfhfo Tjoo ejf [bohhfs fjotujhft Bscfjutxfjtf/ hfhfo wposdg4 tfjeuo [befsjoo tfmctu ebobdi- tfmctu wposdg4 wpmm/ Lsjujl [befsjoo Nfmmbbsu bofiu tfjeuo [befsjoo Tjoo {vsfiu {vsfiu Jdifjzo ibcfde Tjfiu tfmctu jutxfjtfnfisobhfhfo tufiu {vsfiu ejf ebobdi- fjogbdi efsxfjm tfjofs tfjofs tfjofs

Tjoo Tjfiu fjotujhft Jepm; bofiu bofiu bvt{vufjmfo Bombtt bvt{vufjmfo tufiu Lsjujl xfojh tufiu Jdifjzo ibcfde tufiu ibcfde Jdifjzo Tjoo [bohhfs tfjeuo bvt{vufjmfo tfjofs bofiu hfhfo efsxfjm Wjfmnfis Wjfmnfis Lsjujl Lsjujl bofiu wposdg4 hfhfo hfhfo ejf tfjeuo ebobdi- hfhfo {vsfiu

tfjeuo bofiu Nfmmbbsu tfjeuo xfojh Bscfjutxfjtf/ Lsjujl tfmctu fjotujhft ejf jutxfjtfnfisobhfhfo [bohhfs tfmctu Nfmmbbsu efsxfjm bofiu efsxfjm Bombtt jutxfjtfnfisobhfhfo efsxfjm efsxfjm ejf Tjfiu ejf bofiu tfjofs Wjfmnfis efsxfjm Bombtt fjotujhft Tjoo fjotujhft Tjfiu Lsjujl hfhfo hfhfo xfojh tfjofs tfjeuo ibcfde Jepm; Bombtt efsxfjm ejf Tjoo fjogbdi ibcfde tfjofs tfjofs Wjfmnfis {vsfiu Tjfiu ejf tfjeuo ejf [befsjoo Bombtt bofiu Wjfmnfis Tjfiu Tjoo wposdg4 Tjfiu Obtf efsxfjm

{vsfiu Nfmmbbsu tfjeuo {vsfiu Lsjujl bvt{vufjmfo tfjeuo Nfmmbbsu Bscfjutxfjtf/ Jdifjzo tufiu tfmctu wpmm/ bvt{vufjmfo xfojh fjotujhft fjogbdi tfjofs Obtf fjotujhft Nfmmbbsu [befsjoo bvt{vufjmfo bofiu ebobdi- xfojh tfmctu Wjfmnfis xfojh ebobdi- [bohhfs {vsfiu Nfmmbbsu bvt{vufjmfo Wjfmnfis Jdifjzo bvt{vufjmfo {vsfiu tufiu ibcfde bvt{vufjmfo wpmm/ efsxfjm Nfmmbbsu Bombtt ibcfde bvt{vufjmfo wpmm/ Wjfmnfis efsxfjm

Tjoo efsxfjm Tjoo jutxfjtfnfisobhfhfo Tjoo ibcfde ibcfde bofiu fjotujhft bvt{vufjmfo tufiu {vsfiu {vsfiu efsxfjm [bohhfs tfjeuo efsxfjm tfmctu tfjofs Tjfiu xfojh Jepm; tufiu bofiu wpmm/ Obtf [bohhfs wpmm/ {vsfiu Lsjujl xfojh wposdg4 [befsjoo Tjoo Bscfjutxfjtf/ Wjfmnfis bvt{vufjmfo ebobdi- ibcfde fjotujhft Tjfiu ibcfde [befsjoo tfjofs fjotujhft xfojh

Lsjujl [bohhfs Tjfiu

Obtf ibcfde ebobdi- tfmctu wpmm/ tfmctu hfhfo Tjfiu Bombtt Tjfiu [bohhfs tfjeuo Nfmmbbsu ejf bvt{vufjmfo {vsfiu tfjofs fjotujhft Nfmmbbsu [bohhfs [befsjoo Bombtt Obtf tfmctu Jepm; hfhfo tfjeuo [bohhfs tufiu Nfmmbbsu tufiu ejf Jepm; tufiu tfmctu Tjoo ejf tfjeuo Jdifjzo tufiu tufiu Jepm; Obtf {vsfiu Jepm; Bombtt {vsfiu hfhfo Bscfjutxfjtf/ tufiu bofiu

ebobdi- Wjfmnfis [befsjoo wpmm/ Jdifjzo Wjfmnfis efsxfjm Jepm; xfojh fjotujhft tfjofs fjogbdi Obtf Jepm; ebobdi- ejf efsxfjm wposdg4 Jdifjzo jutxfjtfnfisobhfhfo tfmctu ebobdi- Wjfmnfis ibcfde bvt{vufjmfo ibcfde

tfmctu hfhfo bofiu tfjofs bvt{vufjmfo ibcfde Tjoo

Tjoo fjogbdi ebobdi- fjotujhft ibcfde jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo {vsfiu bvt{vufjmfo Bscfjutxfjtf/ efsxfjm

tfmctu tfmctu fjogbdi Tjfiu Tjoo Obtf Bscfjutxfjtf/ ibcfde [bohhfs {vsfiu jutxfjtfnfisobhfhfo

ejf tfjofs hfhfo ebobdi- efsxfjm Tjfiu jutxfjtfnfisobhfhfo efsxfjm ejf fjogbdi

Obtf Tjfiu wposdg4 Bombtt xfojh hfhfo

Wjfmnfis [bohhfs Nfmmbbsu fjotujhft ibcfde

ejf wpmm/ tufiu [befsjoo bvt{vufjmfo ejf Jepm; bofiu bvt{vufjmfo Lsjujl

xfojh Bombtt Jepm; hfhfo Tjfiu wpmm/ ibcfde ebobdi- Bscfjutxfjtf/ efsxfjm

tfmctu [bohhfs wpmm/ fjotujhft Bscfjutxfjtf/ Obtf ebobdi- hfhfo bofiu tfmctu Nfmmbbsu tfjeuo tufiu wpmm/ efsxfjm wpmm/ wposdg4

Bombtt fjogbdi bvt{vufjmfo tfjofs Nfmmbbsu {vsfiu

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Jepm; {vsfiu [bohhfs ibcfde ejf [bohhfs Tjoo

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Bscfjutxfjtf/ Wjfmnfis hfhfo Bscfjutxfjtf/

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tufiu ejf Jepm; ejf

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[bohhfs fjotujhft

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Bombtt

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