Mergers, acquisitions, and alliances continue to be almost an everyday feature of the contemporary business scene, yet at least half prove to be unsuccessful. The authors show the contribution that psychology can make to our understanding of the merger phenomena - how it affects organizational performance, and how it affects the managers and employees involved.
Mergers, Acquisitions and Strategic Alliances is intended as a guide to successful organizational marriage. Great emphasis is placed on the issue of cultural compatibility as it concerns partner selection, integration practices and venture outcomes.
The book also focuses on cross-national mergers, acquisitions and joint ventures. With the increasing economic activity within the European Union and between the unions of other countries, there is a need to know more about the corporate and national cultures in these strategic alliances. The authors have drawn upon an extensive body of research based on recent cases in a wide cross section of industries across Europe.
The book is unique in showing the actual effect mergers and acquisitions have on people, and consequently on the performance of the 'new' organization. It will be particularly relevant for decision makers - those who are involved in planning and implementing a large organizational change, and those responsible for ensuring successful integration afterwards. It would also be extremely useful for postgraduate management students, personnel executives and management consultants.
Table of Contents
Introduction: mergers, acquisitions and strategic alliances, a people issue; Overview - Trends, patterns and motives; Merger and acquisition performance, a disappointing history; The impact of merger and acquisition on the individual; Culture and performance - Differences in corporate culture, awareness and recognition; The implications of culture type for inter-organizational combinations; Cross-border M & As and international alliances; Stages of merger and acquisition - The pre-combination or courtship stage; The legal announcement of the marriage; The honeymoon period, making the marriage work; Establishing marital allegiance, monitoring the success of the marriage; Appendices - The Fast Car acquisitions; The acquisition of Fill-it Packaging; The Age-Nouvelle merger; The Gable-Apex merger; Index.