Mergers and acquisitions (M&As) have become the preferred growth strategy for many executives. However, simply “doing deals” is not enough to create a competitive advantage for…
Abstract
Purpose
Mergers and acquisitions (M&As) have become the preferred growth strategy for many executives. However, simply “doing deals” is not enough to create a competitive advantage for their companies. Only focusing on M&A as a financial transaction is too narrow of an approach, which is easily duplicated across firms. Using Woodward, Inc. as a case example, this article shows how using an actionable, end-to-end process model, and embedding integrated capabilities within the organization, across the entire process, managers can make M&A a core competence to provide a valuable, rare, and inimitable advantage for their firms.
Design/methodology/approach
A mixed-methods approach, combining action research with a narrative synthesis of empirical and practice literature was used to develop a comprehensive M&A process model - the Deal Flow Model - consisting of ten stages across three phases. The resource-based view, core competencies, and the VRIO framework provide a theoretical foundation for the model. An application of the Deal Flow Model using Woodward Inc. as a case example is also presented.
Findings
Only focusing on M&A as a financial transaction is too narrow of an approach, which is easily duplicated across firms. Instead, using an actionable, end-to-end process model, and embedding integrated capabilities within the organization across the entire M&A process provides a valuable, rare, and inimitable advantage for firms.
Research limitations/implications
Researchers will find the Deal Flow Model useful as a structure to examine the M&A process as a whole or to frame single-stage, single-discipline research in the broader context of the overall M&A process.
Practical implications
A practice-oriented Deal Flow Model, providing a cross-disciplinary, end-to-end view of the M&A process is presented. The model is designed to be actionable by managers, who can apply the process to build the M&A competence of their organization.
Originality/value
The Deal Flow Model is unique as it is designed to be actionable by managers, who can apply the process to build the M&A competence of their organization. Likewise, researchers will find the model useful as a structure to examine the M&A process as a whole or to frame single-stage, single-discipline research in the broader context of the overall M&A process.
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In beginning its work at the end of the 1950s, the Aslib Research and Development Department inevitably faced the task of identifying the most significant problems for…
Abstract
In beginning its work at the end of the 1950s, the Aslib Research and Development Department inevitably faced the task of identifying the most significant problems for investigation, at the same time having the need to establish appropriate experimental techniques. Most of the projects undertaken since that time have dealt with current problems, and to an extent the advent of new technologies and techniques to the information world (mechanization in the 'sixties, management studies in the early 'seventies, on‐line working and publication problems in more recent years) is reflected in the work reported below. What follows is a complete bibliography of publications by members of the Department from its formation up to the end of 1977.
A study of 1,696 loan requests satisfied by the British Library Lending Division showed that approximately 3% are for journals that used to be taken by the borrowing library but…
Abstract
A study of 1,696 loan requests satisfied by the British Library Lending Division showed that approximately 3% are for journals that used to be taken by the borrowing library but are not now being acquired. In the light of a survey of the way librarians in the UK make decisions on journal subscriptions and cancellations it appears that they very rarely replace subscriptions by interlibrary borrowing.
A.M. WOODWARD and SANDY HENSMAN
It is generally agreed that the scientific review literature is of great value to both the scientific and lay communities. The combination of an overview of the progress of a…
Abstract
It is generally agreed that the scientific review literature is of great value to both the scientific and lay communities. The combination of an overview of the progress of a scientific discipline and the simultaneous evaluation of the more important literature contributing to that development appears to be exceedingly powerful. There are many different types of review ranging from those which are not much more than an annotated bibliography to the seminal, almost monographic, work. Each review, to a variable extent, forms a comprehensive, reasonably up‐to‐date, single source of both didactic and bibliographic information which by its very nature provides an impressive time‐saving tool, particularly for the user searching for information in a somewhat unfamiliar area. Indeed in some disciplines, reviews appear to be used to a greater extent than abstracting and indexing services. The very usefulness of reviews also implies that a great deal of intellectual effort must be put into their production and again this varies considerably, being correlated with the final perceived quality of the review. The investments in intellectual effort may be estimated at 5 million man hours annually and total production costs are conservatively estimated at £65 million annually worldwide.
This chapter will consider the media and white western society’s use of various ‘othering’ terms at the personal, social and political levels to misconstrue and inaccurately…
Abstract
This chapter will consider the media and white western society’s use of various ‘othering’ terms at the personal, social and political levels to misconstrue and inaccurately describe Islam and events and actions involving Muslim people. A psychological analysis of the personal and social impact on the misuse of ‘othering’ terminology will be undertaken to explore how British African-Caribbean converts to Islam, as a group, may find themselves antagonised and alienated by descriptions made about Islamic groups and behaviours misapplied and associated to Islamic religious and cultural practices. The chapter will consider how this antagonism may lead to alienation which, in turn may result in behaviours perceived to come about as a result of radicalisation. The chapter will consider whether British African-Caribbean converts to Islam are responding in a way which is the result of a process of ‘radicalisation’ or more reacting to antagonism and alienation affecting poor mental health due to negative media and dominant social group portrayal of black people. A critique of the media portrayal in depicting Muslims and Islam as ‘the other’ rather than depicting terrorist activity and terrorist groups as anti-Islamic, separate and distinct from Islam will be considered. Missed opportunities for critical review of inaccurate and racist terminology and its potential impact on British African-Caribbean converts to Islam will be explored.
Strategies for decreasing antagonism, alienation and violence through the review of terminology and social reclaiming will be suggested. The process of ethnic identity development and an evolving British Muslim identity will also be considered and how understanding and knowledge of this minority ethnic group identity process can be used to reduce the process of antagonism, alienation and violence. Psychological theories of minority group ethnic identity development will be explored and applied to the development of an alienated psychology of British African-Caribbean converts to Islam. Minority group identity theories relevance for individual and group intervention with alienated British African-Caribbean converts to Islam will be discussed in terms of the building and maintenance of a positive sense of self and affirmation to one’s religious group membership. Affirmation of ethnicity membership is proposed as a more active activity among groups who face greater discrimination as a means of maintaining self-esteem and group cohesion and connectedness.
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Within the context of providing an indexing service to the review literature in science and technology, reviews are defined and six types of review literature described. The…
Abstract
Within the context of providing an indexing service to the review literature in science and technology, reviews are defined and six types of review literature described. The sources of review literature are examined and an attempt made to estimate the current annual output of reviews in specialist review serials, primary journals, conference proceedings, books, reports and secondary services. The total output of ‘good’ quality reviews from these sources in 1972 is estimated to be 22,000. The characteristics of review literature are examined for the purposes of automatic identification; a method of identifying reviews by using the number of references was found to be between 75 and 85 per cent effective at the 40 references level.
Faced with rapidly rising production costs and slowly rising demand, publishers of scholarly journals, especially learned societies, must examine cheaper production methods and…
Abstract
Faced with rapidly rising production costs and slowly rising demand, publishers of scholarly journals, especially learned societies, must examine cheaper production methods and consider how to utilize advances in technology. However, most learned societies are to small too take advantage of new technologies because of the level of investment and the high volumes of throughput that are required. The concept of Editorial Processing Centres (EPCs) has been developed in the USA under the auspices of the National Science Foundation and is seen as being a means of reducing costs without eroding quality or increasing publication time. An EPC is a co‐operative venture whereby a number of societies combine to provide computer support for all the functions of journal production, including editorial, printing and management functions.
The very nature of serials, which are so often subject to changes in title, frequency, and format, poses considerable problems for bibliographic control. These problems are…
Abstract
The very nature of serials, which are so often subject to changes in title, frequency, and format, poses considerable problems for bibliographic control. These problems are accentuated when automation is introduced into libraries. The establishment of the UK National Serials Data Centre will become a focus for the development of serials processing both within the British Library and nationally. As the UK national centre of the International Serials Data System, the Centre is already registering serials published within the UK and assigning to them International Standard Serial Numbers (ISSN). The Centre is also establishing a national database of serials information, and will be able to provide a number of services for libraries.
The text explores the feminist concept of intersectionality and its adoption within disability studies. The aim is to analyze how feminist and disability movements and theories…
Abstract
Purpose
The text explores the feminist concept of intersectionality and its adoption within disability studies. The aim is to analyze how feminist and disability movements and theories have managed the issue of struggling against oppression and for equality while acknowledging internal diversity.
Methodology/approach
Literature review based on the concepts of intersectionality, disabled women, and disability and diversity seeking for explicit and implicit confluences and emerging implications at different levels: social movements, theoretical developments, and policymaking.
Findings
Intersectionality is a minor field within disability studies. However, diversity and multiple oppression issues have been addressed by the disability rights movement, after disabled women introduced feminist principles. This intersection of disability and feminist studies has transformed both fields, and at the same time fostered a new paradigm. It situates the claims on the similarities between disabled and nondisabled people, instead of focusing on identity politics.
Social implications
The chapter acknowledges social movements as key actors in generating and developing significant debates, both in feminist and disability studies. Moreover, it seeks for conceptual tools that promote alliance-building strategies between oppressed groups in the struggle for social justice.
Originality/value
The chapter presents overall perspective of what intersectionality is and how the disability rights movement has addressed it, while seeking broader implications of the analysis of multiple inequalities.