This website uses cookies to ensure you have the best experience. Learn more

‘M&As: Why Don’t People Ever Learn From The Mistakes Of Others? By William Richards Introduction Over The Years, Mergers And Acquisitions Research Has Identified The Importance Of Leadership And Workplace Learning As

3591 words - 15 pages

‘M&As: why don’t people ever learn from the mistakes of others?

by William Richards

Introduction
Over the years, mergers and acquisitions research has identified the importance of leadership and workplace learning as critical determinants of M&A activities and outcomes. However, surprisingly little systematic attention has been paid to conceptualising or studying the impact and effect of either leadership styles or learning on the success of M&As – either in the academic or in the practitioner literature (Cartwright and Cooper, 2001)

Although scholars and practitioners recognise that acquisitions frequently fail to live up to their potential (Larsson and Finkelstein, 1999), the ...view middle of the document...

Nevertheless, there is always plenty of mention of failures and ‘why didn’t they learn from others mistakes?’

Furthermore, in these writings, there is little or no direct mention of leadership where authors do talk about leadership, they tend to focus very specifically and prescriptively on actions that managers should take and what not to do without describing how and what needs those actions meet.

Longitudinal studies of M&As are still uncommon primarily because it is difficult to maintain representative sample sizes over time, particularly in circumstances when attrition rates are characteristically higher than usual. However, in a comparative study of three Australian University mergers over a seven year period, combining qualitative and quantitative research methods (Kavanagh & Ashkanasy, (2005), they present data that reinforces the importance of leadership and the benefits of adopting an incremental approach to change.

Organizations that are successful need solid, thoughtful and intelligent leadership in normal times. During major organizational transitions - such as when a merger occurs - the requirement for competent leadership moves from being highly valued to absolutely critical. The normative role of leadership post-negotiation and during integration is to do the following:
• Provide certainty and reassurance that this was the right transition to make.
• Model an optimistic and positive attitude.
• Deal with crises and staff resistance.
• Champion the process and focus on the mission.
• Acknowledge the emotions of staff, show concern for them, nurture them, and appreciate them.
• Engage in symbolic acts that demonstrate commitment to the process and respect for the individuals involved.
• Pursue new projects, initiatives, or planning processes that get people excited and focus them on the future.
• Communicate.
• Help the board identify the organization's vision and direction.
• Bring cultures together.
• Make the difficult decisions, communicate them with certainty, and deal with the fall-out.
A review of the academic and practitioner literatures on M&A reveals that discussions of the primary determinants of M&A processes and outcomes rarely even mention leadership. Instead, when they do refer to leadership, they tend to focus exclusively on a highly rationalized notion of strategy development. As shown in Table 1, where the literature has identified key M&A factors, the treatment of leadership-related issues has remained narrow (“pay too much’’) or vague and indirect (“fall in love’’, integration is hard’’). Although they are not exhaustive, the two lists are representative and illustrate how M&A commentaries sometimes mention leadership, but largely neglect it. Furthermore, in these (and similar) writings, there is little or no direct mention of leadership and where authors do talk about leadership, they tend to focus very specifically and prescriptively on actions that managers should take,...

Other Papers Like ‘M&as: Why Don’t People Ever Learn from the Mistakes of Others? by William Richards Introduction over the Years, Mergers and Acquisitions Research Has Identified the Importance of Leadership and Workplace Learning as

A Critical Analysis on How Research Into Negative Pressure Therapy Dressings, over the Last Ten Years, Has Influenced the Management of Patient’S with Wounds Requiring Split Skin Grafts

3754 words - 16 pages In this assignment I will critically analyse how research into negative pressure therapy dressings, over the last ten years, has influenced the management of patient’s with wounds requiring split skin grafts. I will explore the theoretical links to practice and discuss how changes can be effectively implemented to improve the care that these patients receive. Ѕkin grаfting iѕ thought to hаvе originаtеd in Indiа аbout 2,500 yеаrѕ аgo, аnd thе

Detail How and Why Research by Bandura and Colleagues on Social Learning and Aggression Has Contributed to Our Understanding of Children’S Behaviour

809 words - 4 pages Aims and Objectives: • To gain an understanding of how the study was conducted • Learn why this has contributed to how to our understanding of children’s behaviour • Understand how the study has affected our understanding of children’s behaviour • To identify some of the key limitations of this type of study Introduction: In 1963 a study was conducted by Bandura et al. to determine the extent to which children would imitate

Outline how material things favour the activities of some groups of people over others on a street you know

813 words - 4 pages Buttwell who runs newsagent on City Road which was originally established in 1930 and even presence of Tesco has not put him out of the business. Although, Colin talks about an arrival of Spar 25 years ago which forced one of his rivals to shutdown their business. Concluding everything, competition for physical space in a built environment is a natural thing and very often involves conflict.When someone wins there must be someone who loses and despite the best intentions of the system what can be seen as a removal of an inequality by one group of people, very often is interpreted as a creation of a new inequality for others.

Explain Why Play Is Important to the Holistic Development of the Young Child. Explain How and Why Children’s Play Changes over the First Six Years of Life. Include Examples to Support Your Ex

2112 words - 9 pages statement within the Effective Provision of Preschool Education (EPPE) by Sylvia et al (2003) which says “education and social development are complementary and equal in importance to intellectual development”. Play can be solitary (playing alone), parallel (playing alongside others) or social (playing as a pair or group). Social play develops a child’s ability to take turns. It gives the child a sense of the world, empathy for others and

Why Some People Don't Learn Foreign Language?

888 words - 4 pages question that should be asked, though, is: “How do you know you get by with English just fine if you haven’t truly tried learning and using a foreign language?” It’s kind of like asking a frog in a well to come out and enjoy the pond, and being told “I’m just fine where I am.” According to the conference Hacking Language Learning by Benny Lewis, he makes an introduction about the reasons why some people don´t learn other language so that many

Computer Technology Has Become An Integral Part Of Our Lives. Discuss What You Envision Will Be Some If Its Important Impacts On Your Life Over The Next Ten Years

592 words - 3 pages Effect of Computers: the past, present and the future.Introduction:Once in a lifetime we would come across a device that changes the way we work, live, and play. The computer is such a machine having taken the world by storm. Computers now form the backbone of every business in the U.S. and one out of every two households. From the first wooden abacus to the latest high-speed microprocessor, the computer has changed nearly every aspect of

Mergers & Acquisitions - the Role of Hrm

1759 words - 8 pages policies. Mergers and acquisitions (M&A’s) are notoriously risky, and international M&A’s are even more so. Numerous studies on M&A’s, show that success is not always guaranteed. To the contrary, the biggest percentage of (costly) M&A’s, do not achieve goals and set objectives. Mercer Human Resource Consulting, after examining the evidence, has concluded that as many as 60–70% of M&A’s fail to deliver their intended benefits. Another study by CFERF 2

Fundamentals of Mergers and Acquisitions

3611 words - 15 pages , Acquisitions, Mergers and Schemes • Takeover – One firm (the bidder) acquires control of another firm (the target) by purchasing the voting shares of the target from the shareholders of the target – The consideration paid by the bidder may be cash and or shares (in the bidder) – Usually conducted on a hostile basis whereby the managers of the bidder do not consult with the managers of the target firm prior to launching the bid – A full

The Financial Analysis of the Effect of Mergers and Acquisitions in Retailing of China

943 words - 4 pages of the Effect of Mergers and Acquisitions in Retailing of China Abstract China's retail industry started in the early 1990s, has experienced 20 years of vigorous development, and now begins to enter the period of mergers and acquisitions. From financial aspect, the main motive of M&A in retailing is to increase profits, or reduce costs. Therefore, M&A performance also depends on whether the organization can finally realize the optimization

Ethical Guidelines to Be Complied by Psychologists in Research and Analysed the Issues as Well as Importance to Conform Why It Must Be Followed at All Times

678 words - 3 pages This task will explore the ethical guidelines to be complied by psychologists in research and analysed the issues as well as importance to conform why it must be followed at all times. Ethical guidelines have become a vital part of modern psychology with regards to extensive reviews of the researches before it can be implemented, as noted in (The Ethical Principles for Conducting Research with Human Participant). The purpose of these

China and Hong Kong Have Changed so Much in Recent Years That Studying History Has Little Relevance for Young People Today

597 words - 3 pages oriented city. I agree that studying history has little relevance for young people today. The following arguments are that history may not useful in peoples’ daily life; increase the workload of students and it can easily be replaced by the other subjects. First of all, Hong Kong is a business oriented city so history may not be useful in peoples’ daily life. Truly, some of the students may become a historian but most of their works are

Related Essays

Book Report Good To Great: Why Some Companies Make The Leap… And Others Don’t (Jim Collins, 1996)

1802 words - 8 pages returns from the end of 1975 to 2000 the exceeded the market by over fifteen times. Simple formula does not imply a simple business. Good-to-Great leaders continually analyze their organizations, until they really understand what drives their financial success. This goes together with learning from mistakes and figuring out what best works each time. Since figuring out the three circles of the hedgehog concept, in order to remain great you will have to

How And Why Has The Reputation Of Ibn Sina’s Canon Changed Over Time?

1511 words - 7 pages How and why has the reputation of Ibn Sina’s Canon changed over time? In this essay we will explore how and why the reputation of Ibn Sina’s Canon changed over time. To do this we will look to how the Islamic world developed its medical theory from earlier Greek works and used contemporary information to build on this. We will explore how the reputation of the Canon became widespread throughout the Islamic world and how it came to be the

Empirical Validation Of The Importance Of Employees’ Learning Motivation For Workplace E Learning In Taiwanese Organisations

5314 words - 22 pages importance in the design of e-learning practices in workplace. However, empirical study of the alignment of e-learning with individual learning needs and organisational goals is an area with limited research. This study intends to clarify the importance of learning motivation in employees’ e-learning systems use behaviour, based on the information systems success model. Data from one hundred and eighty-five employees who used e-learning systems in

What Has Made The Detective Stories Of Sherlock Holmes So Popular Over The Last 100 Years?

2665 words - 11 pages portrayed as sly, cunning and witty. This can be seen by the fact that by the power of observation and deduction he can supply the client with a number of details about their life from merely looking at their appearance. He notices even the subtlest clues that others fail to see. For example, in the Red-Headed League, Holmes deduces several things about red-headed Jabez Wilson with just a glance, astonishing his impressed client – “he has at some