首页
登录
职称英语
However attractive the figures may look on paper, in the long run the succes
However attractive the figures may look on paper, in the long run the succes
游客
2025-01-14
14
管理
问题
However attractive the figures may look on paper, in the long run the success or failure of a merger depends on the human factor. When the agreement has been signed and the accountants have departed, the real problems may only just be beginning. If there is a culture clash between the two companies in the way their people work, then all the efforts of the financiers and lawyers to strike a deal may have been in vain.
According to Chris Bolton of KS Management Consultants, 70% of mergers fail to live up to their promise of shareholder value, not through any failure in economic terms but because the integration of people is unsuccessful. Corporates, he explains, concentrate their efforts before a merger on legal, technical and financial matters. They employ a range of experts to obtain the most favourable contract possible. But even at these early stages, people issues must be taken into consideration. The strengths and weaknesses of both organisations should be assessed and, if it is a merger of equals, then careful thought should be given to which personnel, from which side, should take on the key roles.
This was the issue in 2001 when the proposed merger between two pharmaceutical companies promised to create one of the largest players in the industry. For both companies the merger was intended to reverse falling market share and shareholder value. However, although the companies’ skill bases were compatible, the chief executives of the two companies could not agree which of them was to head up the new organisation. This illustrates the need to compromise if a merger is to take place.
But even in mergers that do go ahead, there can be culture clashes. One way to avoid this is to work with focus groups to see how employees view the existing culture of their organisation. In one example, where two global organisations in the food sector were planning to merge, focus groups discovered that the companies displayed very different profiles. One was sales-focused, knew exactly what it wanted to achieve and pushed initiatives through. The other got involved in lengthy discussions, trying out options methodically and making contingency plans. The first responded quickly to changes in the marketplace; the second took longer, but the option it eventually chose was usually the correct one. Neither company’s approach would have worked for the other. The answer is not to adopt one company’s approach, or even to try to incorporate every aspect of both organisations, but to create a totally new culture. This means taking the best from both sides and making a new organisation that everyone can accept. Or almost everyone. Inevitably there will be those who cannot adapt to a different culture. Research into the impact of mergers has found that companies with differing management styles are the ones that need to work hardest at creating a new culture. [br] According to Chris Bolton’s criticism, what do many organizations do in preparation for a merger?
选项
A、Ensure their interests are represented.
B、Give reassurances to shareholders.
C、Consider the effect of a merger on employees.
D、Analyze the varying strengths of their staff.
答案
A
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3912255.html
相关试题推荐
Howeverattractivethefiguresmaylookonpaper,inthelongrunthesuccess
Howeverattractivethefiguresmaylookonpaper,inthelongrunthesuccess
Thetimingofmarketentryiscriticaltothesuccessofanewproduct.Acom
Thetimingofmarketentryiscriticaltothesuccessofanewproduct.Acom
Americannolongerexpectpublicfigures,whetherinspeechorinwriting,to
Americannolongerexpectpublicfigures,whetherinspeechorinwriting,to
Initseverydaylife,Italyisverymuchtheman’sworld.However,becauseof
Initseverydaylife,Italyisverymuchtheman’sworld.However,becauseof
Initseverydaylife,Italyisverymuchtheman’sworld.However,becauseof
Initseverydaylife,Italyisverymuchtheman’sworld.However,becauseof
随机试题
企业决策层及职能管理部门借助指示、命令等手段,有效地指导下属机构和人员履行自己的
苯二氮革受体阻断药是A.咪达唑仑 B.氟马西尼 C.地西泮 D.阿托品
何谓乳腺小叶增生?
隧道涌水处理可采用()。A.超前围岩预注浆堵水 B.开挖后补注浆堵水 C.
下列行为中,可能引发操作风险的有()。 Ⅰ.员工操作失误 Ⅱ.系统存在缺陷
洪都拉斯籍货轮“Tiery”号承运一批运往中国的货物,在日本停靠卸载同船装运的其
(2015年真题)糖皮质激素的禁忌症包括( )。A.活动性消化性溃疡 B.严
由发包人责任引起的暂停施工造成工期延误的,承包人有权要求发包人()。A.延长工期
关于国债的说法,正确的是()。A:发行国债是以国有资产作为担保的B:政府是国债
下列关于关联方与关联方交易的说法中,不恰当的是()。A.关联方交易比非关联
最新回复
(
0
)