Mergers and Acquisitions: Managing Culture and Human Resources (Stanford Business Books (Hardcover)) - Hardcover

 
9780804746618: Mergers and Acquisitions: Managing Culture and Human Resources (Stanford Business Books (Hardcover))

Inhaltsangabe

In mergers and acquisitions (M&A), special emphasis is usually placed on the strategic and financial goals of the deal, while the psychological, cultural, and human resource implications do not receive as much attention. This book examines the dynamics of the sociocultural processes inherent in M&A and "fleshes out" their implications for postmerger integration management.

The book's contributors come from a variety of subdisciplines within the field of management, and thus provide new insights into the managerial, social, and cultural processes inherent in M&A. Executives with extensive experience managing M&A have offered commentaries at the end of the chapters, providing "real-world" perspective to empirical and theoretical insights.

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Über die Autorinnen und Autoren

Günter K. Stahl is Assistant Professor of Organizational Behavior at INSEAD (Fontainebleau and Singapore). Mark E. Mendenhall holds the J. Burton Frierson Chair of Excellence in Business Leadership at the University of Tennessee, Chattanooga.


Günter K. Stahl is Assistant Professor of Organizational Behavior at INSEAD (Fontainebleau and Singapore). Mark E. Mendenhall holds the J. Burton Frierson Chair of Excellence in Business Leadership at the University of Tennessee, Chattanooga.

Von der hinteren Coverseite

In mergers and acquisitions (M&A), special emphasis is usually placed on the strategic and financial goals of the deal, while the psychological, cultural, and human resource implications do not receive as much attention. This book examines the dynamics of the sociocultural processes inherent in M&A and “fleshes out” their implications for postmerger integration management.
The book’s contributors come from a variety of subdisciplines within the field of management, and thus provide new insights into the managerial, social, and cultural processes inherent in M&A. Executives with extensive experience managing M&A have offered commentaries at the end of the chapters, providing “real-world” perspective to empirical and theoretical insights.

Aus dem Klappentext

In mergers and acquisitions (M&A), special emphasis is usually placed on the strategic and financial goals of the deal, while the psychological, cultural, and human resource implications do not receive as much attention. This book examines the dynamics of the sociocultural processes inherent in M&A and fleshes out their implications for postmerger integration management.
The book s contributors come from a variety of subdisciplines within the field of management, and thus provide new insights into the managerial, social, and cultural processes inherent in M&A. Executives with extensive experience managing M&A have offered commentaries at the end of the chapters, providing real-world perspective to empirical and theoretical insights.

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MERGERS AND ACQUISITIONS

Managing Culture and Human Resources

Stanford University Press

Copyright © 2005 Board of Trustees of the Leland Stanford Junior University
All right reserved.

ISBN: 978-0-8047-4661-8

Contents

Contributors.....................................................................................................................................................................................................ixPreface..........................................................................................................................................................................................................xiiiIntroductory Comments Carlos Ghosn and Jean-Pierre Garnier......................................................................................................................................................xviPART I Introduction1 Sociocultural Integration in Mergers and Acquisitions Gnter K. Stahl, Mark E. Mendenhall, Amy L. Pablo, and Mansour Javidan..................................................................................32 Integration: The Critical Link in M&A Value Creation David M. Schweiger and Robert L. Lippert.................................................................................................................17Executive Commentary Tae-Gyun Shin..............................................................................................................................................................................46PART II The Process of Sociocultural Integration in Mergers and Acquisitions3 Organizational Learning in Cross-Border Mergers and Acquisitions Danna N. Greenberg, Henry W. Lane, and Keith Bahde...........................................................................................53Executive Commentary Jean Luc Scalabre..........................................................................................................................................................................774 Trust in Mergers and Acquisitions Gnter K. Stahl and Sim B. Sitkin...........................................................................................................................................82Executive Commentary Hans-Peter Engeli..........................................................................................................................................................................1035 The Role of Corporate Cultural Diversity in Integrating Mergers and Acquisitions Georg Schreygg..............................................................................................................108Executive Commentary Albert Young...............................................................................................................................................................................1266 The Construction of Social Identities in Mergers and Acquisitions Stein Kleppest.............................................................................................................................130Executive Commentary Bjrn Z. Ekelund and Aina Aske.............................................................................................................................................................1527 A Learning Perspective on Sociocultural Integration in Cross-National Mergers Ingmar Bjrkman, Janne Tienari, and Eero Vaara..................................................................................155Executive Commentary Bernd Ratzke and Tom Kelly.................................................................................................................................................................176PART III The Management of Sociocultural Integration in Mergers and Acquisitions8 Synergy Realization in Mergers and Acquisitions: A Co-Competence and Motivational Approach Rikard Larsson.....................................................................................................183Executive Commentary Shlomo Ben-Hur and L. Todd Thomas..........................................................................................................................................................2029 The Neglected Importance of Leadership in Mergers and Acquisitions Sim B. Sitkin and Amy L. Pablo.............................................................................................................208Executive Commentary Wilfried Meyer.............................................................................................................................................................................22410 Psychological Communication Interventions in Mergers and Acquisitions Angelo S. DeNisi and Shung Jae Shin....................................................................................................228Executive Commentary Mark Jones.................................................................................................................................................................................25011 Developing a Framework for Cultural Due Diligence in Mergers and Acquisitions: Issues and Ideas Susan Cartwright and Simon McCarthy..........................................................................253Executive Commentary Max Otte...................................................................................................................................................................................268PART IV Learning from Experience: Case Analyses of Sociocultural Processes in Mergers and Acquisitions12 Managing Human Resources to Capture Capabilities: Case Studies in High-Technology Acquisitions Saikat Chaudhuri..............................................................................................27713 The CNH Global Case: Building Social Capabilities to Win in Global Acquisitions, Joint Ventures, and Alliances Piero Morosini................................................................................30214 Integration Processes in Cross-Border Mergers: Lessons Learned from Dutch-German Mergers Ren Olie...........................................................................................................32315 DaimlerChrysler: A Case Study of a Cross-Border Merger Torsten Khlmann and Peter J. Dowling.................................................................................................................35116 The Importance of the Agreement Formation Process in Partnering with the Unfamiliar: The Case of Renault and Nissan Harry Korine, Kazuhiro Asakawa, and Pierre-Yves Gomez....................................36417 Creating a New Identity and High-Performance Culture at Novartis: The Role of Leadership and Human Resource Management Chei Hwee Chua, Hans-Peter Engeli, andGnter K. Stahl..................................................................................................................................................................................................379PART V Lessons for Research and Practice18 Research on Sociocultural Integration in Mergers and Acquisitions: Points of Agreement, Paradoxes, and Avenues for Future Research Gnter K. Stahl, Mark E. Mendenhall, and Yaakov Weber.....................40119 People and Cultural Aspects of Mergers and Acquisitions: What Are the Lessons ... and the Challenges? Paul Evans and Vladimir Pucik..........................................................................412Index............................................................................................................................................................................................................423

Chapter One

Sociocultural...

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