Journal ArticleDOI
The role of culture compatibility in successful organizational marriage
Susan Cartwright,Cary L. Cooper +1 more
TLDR
In this article, the authors examined the role of culture compatibility in determining venture outcomes, focusing on the complex interaction between the existing type of premarital culture of the partners and the terms and interpretation of the type of marriage contract the parties believed they had entered.Abstract:
Executive Overview Despite the initial optimism, many organizational marriages prove to be financially disappointing. Given the consistently high rate of merger and acquisition failure, the selection of a suitable organizational bedfellow is a major financial decision. Selection decisions are generally driven by financial and strategic considerations, yet many organizational alliances fail to meet expectations because the cultures of the partners are incompatible. Based on recent research, this article examines the role of culture compatibility in determining venture outcomes. It focuses on the complex interaction between the existing type of premarital culture of the partners and the terms and interpretation of the type of marriage contract the parties believed they had entered.read more
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Journal ArticleDOI
International expansion through start-up or through acquisition : An organizational learning perspective
Harry G. Barkema,Freek Vermeulen +1 more
TL;DR: In this article, a learning perspective was brought to the literature examining whether firms expand internationally through start-ups or acquisitions, and the authors investigated how this strategic decision affects the performance of the companies.
Journal ArticleDOI
National and corporate cultural fit in mergers/acquisition: an exploratory study
TL;DR: In this article, the authors assess the relative role of national and corporate cultural fit in predicting effective integration between merger partners by examining both international and domestic mergers, and their findings confirm that cultural fit is separate constructs with variable attitudinal and behavioral correlates.
Journal ArticleDOI
The Impact of Leadership and Change Management Strategy on Organizational Culture and Individual Acceptance of Change during a Merger
Marie Kavanagh,Neal M. Ashkanasy +1 more
TL;DR: In this article, a longitudinal study was conducted to examine the effect of leadership and change management strategies on acceptance of cultural change by individuals in public-sector organizations, finding that in many cases the change that occurs as a result of a merger is imposed on the leaders themselves, and it is often the pace of change that inhibits the successful re-engineering of the culture.
Book
The Theory and Practice of Change Management
TL;DR: A core textbook for all modules in change management, John Hayes examines and applies all of the key theories on change to organisational settings as mentioned in this paper, allowing students to identify change and experience various outcomes based on real-world scenarios.
Journal ArticleDOI
Achieving Acculturation in Mergers and Acquisitions: An International Case Survey
Rikard Larsson,Michael Lubatkin +1 more
TL;DR: In this article, a meta-analysis of case studies of 50 mergers and acquisitions (23 US domestic, 15 Swedish domestic and 12 Swedish cross-border) showed that acculturation is best achieved when the buying firms rely on social controls, such as introduction programs, training, cross-visits, retreats, celebrations and similar socialization rituals.
References
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Book ChapterDOI
From Competitive Advantage to Corporate Strategy
TL;DR: Corporate strategy, the overall plan for a diversified company, is both the darling and the stepchild of contemporary management practice as mentioned in this paper, the darling because CEOs have been obsessed with diversification since the early 1960s, and stepchild because almost no consensus exists about what corporate strategy is, much less about how a company should formulate it.
Journal ArticleDOI
Acculturation in Mergers and Acquisitions
TL;DR: In this article, a model focusing on the process of adaptation and acculturation in mergers and acquisitions is presented, and it is proposed that the degree of congruence between the acquirer and the acquired organizations' preferred modes of acculturative stress will affect the level of stress.
Journal ArticleDOI
Mergers and Acquisitions, Human Resource Issues and Outcomes: A Review and Suggested Typology*
TL;DR: In this article, the authors reviewed recent research on corporate mergers and acquisitions and their impact on human resource issues and proposed a framework for classifying mergers, and provided some research questions for examining merger types, human resource management issues and major outcomes.
Book
Mergers and Acquisitions: The Human Factor
Susan Cartwright,Cary L. Cooper +1 more
TL;DR: In this paper, the authors discuss the impact of mergers and acquisitions on organizational performance, the effect of organizational culture, organizational culture and its assessment the implications of cultural type for inter organizational combinations.