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Article
Publication date: 1 February 1989

Edmund Burke, the 18th century Irish orator said … ‘those who propose change should work hard to persuade a rational man that innovations or reforms would not end in damage or…

101

Abstract

Edmund Burke, the 18th century Irish orator said … ‘those who propose change should work hard to persuade a rational man that innovations or reforms would not end in damage or absurdity’.

Details

Work Study, vol. 38 no. 2
Type: Research Article
ISSN: 0043-8022

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Book part
Publication date: 5 July 2016

Daniel R. Denison and Ia Ko

Due diligence refers to a comprehensive process of investigating and evaluating business opportunities in mergers and acquisitions. While early-stage due diligence usually…

Abstract

Due diligence refers to a comprehensive process of investigating and evaluating business opportunities in mergers and acquisitions. While early-stage due diligence usually encompasses financial and strategic assessment, one of the most important things in due diligence is looking at organizational culture at an early stage. This chapter takes stock of the existing research and practice in the area of cultural due diligence and evaluates the strengths and limitations. Based on the review of literature, we developed a framework for cultural due diligence to address the limitations of existing approaches. The framework illustrates a process to screen the M&A targets, gain insight into the target firm’s culture, and identify integration challenges. The process starts with more unobtrusive, indirect, and informal assessments of the target firm’s culture and moves onto more obtrusive, direct, and formal assessments.

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Publication date: 27 June 2017

Muriel Mignerat and Katty Marmenout

Cultural, social, and psychological perspectives on mergers assume conflict to be an important mediator of post-merger outcomes. Yet, despite a growing literature on the human…

Abstract

Cultural, social, and psychological perspectives on mergers assume conflict to be an important mediator of post-merger outcomes. Yet, despite a growing literature on the human side of mergers, conflict in mergers remains poorly understood.

Based on the disputing perspective and negotiated order theory, a contextual and dynamic approach is presented along with propositions to guide future empirical research in the form of a process model of post-merger order negotiation.

When negotiating the post-merger order, different issues emerge that are embedded in the broader context of the merger.

Adopting this theoretical framework allows us to understand the intergroup dynamics and antagonistic behavior observed in mergers.

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Article
Publication date: 1 December 2000

Steven H. Appelbaum, Joy Gandell, Barbara T. Shapiro, Pierre Belisle and Eugene Hoeven

The multiple organizational factors impacting upon a merger as well as those processes being impacted upon throughout the merger process will be examined. Part 1 of this article…

8231

Abstract

The multiple organizational factors impacting upon a merger as well as those processes being impacted upon throughout the merger process will be examined. Part 1 of this article examined corporate culture and its affects on employees when two companies merge and considered the importance of lucid communication throughout the process. Part 2 of the article addresses the critical issue of stress, which is an outcome within the new and uncertain environment. Finally, the article concludes with the process of managing and strategy throughout the phases, giving guidelines that managers and CEOs should follow in the event of an M&A. Furthermore, the five major sections (communications, corporate culture, change, stress, and managing/strategy) are sub‐divided into three sub‐sections: pre‐merger; during the merger; post‐merger. This is intended to further assist managers and CEOs distinguish the important issues facing employees at each of the three junctures of the M&A process.

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Management Decision, vol. 38 no. 10
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 1 January 1994

Mark Weber

What is the relationship between outcomes for distressed firms and the value of managerial stockholdings in those firms? The outcomes presented are: (1) Chapter 11 reorganization;…

173

Abstract

What is the relationship between outcomes for distressed firms and the value of managerial stockholdings in those firms? The outcomes presented are: (1) Chapter 11 reorganization; (2) acquisition/merger; (3) internal turnaround Dollar value of ownership of the firm's common stock by the firm's top managers is used to distinguish between the outcomes for distressed firms which have declining performance. The likelihood of a firm ending up in a merger with or being acquired by another private firm increases with the amount of managerial wealth invested in the firm's stock. Firms whose managers are not owners are more likely to follow an internal turnaround strategy, such as cutting costs and/or selling assets. This strategy offers non‐owner managers a greater opportunity to maintain their managerial prerogatives than does a merger or an acquisition. This outcome is consistent with agency theory, which asserts that where possible, managers act in their own best interests to the detriment of the stockholders' interests. In the context of the firm, agency theory describes the situation wherein stockholders (principals) delegate responsibility for the firm's day to day affairs to managers (agents). One key issue in agency theory is risk sharing. Managers and stockholders may prefer different outcomes for the distressed firm due to their different risk preferences. Findings of the present study suggest that managerial wealth was not a predictor of Chapter 11 reorganization in bankruptcy, but the distressed firms' strategies were affected by the aggregate dollar value of a firm's stock owned by top managers.

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The International Journal of Organizational Analysis, vol. 2 no. 1
Type: Research Article
ISSN: 1055-3185

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Article
Publication date: 5 February 2018

Erica Bennion, Michael N. Olpin and Mark DeBeliso

High levels of stress reported at college campuses has led to the need for stress management interventions. College students often do not know how to deal with the increase in…

2973

Abstract

Purpose

High levels of stress reported at college campuses has led to the need for stress management interventions. College students often do not know how to deal with the increase in stress during college which may lead to ineffective ways to manage stress, such as drugs, alcohol, and under the worst circumstance, suicide. Several universities have implemented stress relieving centers where students can participate in various modalities to relax and reduce symptoms of stress. The purpose of this paper is to compare four stress reduction modalities on the amount of physiologic and perceived stress (PS) reduction in a stress relief center.

Design/methodology/approach

Archival information of 5,526 students (2,759 female, 2,767 male) were analyzed. During their time at the relaxation center, these students would participate in one of four relaxation modalities (massage chair, chi machine, rejuvenation lounger, or sitting meditation). Upon entering and exiting the center, PS, systolic blood pressure (SBP), diastolic blood pressure (DBP), and heart rate (HR) were measured. The dependent variables were compared from pre- to post-relaxation with paired tests. Gain scores were calculated for each dependent variable and compared between modalities with an ANOVA and post hoc independent t-tests. The α was set at=0.05 for statistical significance.

Findings

Results indicated that all four modalities showed an overall decrease in stress-related symptoms for both men and women (p<0.05). There was no statistical difference in dependent variable gain scores between the relaxation modalities (p>0.05) for men. There was no statistical difference in dependent variable gain scores between the relaxation modalities (p>0.05) for women except for SBP and DBP where the massage chair, chi machine, and sitting meditation all reduced SBP and DBP to a greater degree than the rejuvenation lounger (p<0.05).

Originality/value

The results of this study suggest that the use of these stress reduction modalities (massage chair, chi machine, rejuvenation lounger, or sitting meditation) is effective at transiently reducing physiologic and perceived measures of stress of college students. Universities should recognize the importance of stress relief centers in order to help students manage stress symptoms and effectively manage their daily stress levels.

Details

International Journal of Workplace Health Management, vol. 11 no. 1
Type: Research Article
ISSN: 1753-8351

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Article
Publication date: 6 July 2015

Milena Ratajczak-Mrozek

The purpose of this paper is to address two research questions. First: what causes an small and medium enterprises (SME) to engage in a merger with a multinational group and…

3152

Abstract

Purpose

The purpose of this paper is to address two research questions. First: what causes an small and medium enterprises (SME) to engage in a merger with a multinational group and thereby change its relationships and to start functioning in a hierarchical structure which may be viewed as being the integration of a weaker entity by a stronger and bigger one? And second: what causes the successful continuation of a cross-border merger project from the perspective of an SME?

Design/methodology/approach

The concept of the network position is adopted to undertake a longitudinal study of an IT company from Poland.

Findings

From the perspective of the SME, its own perceived important network position resulting from the resources it possesses, the ability to decide how they are utilised, as well as relationships strongly supported by trust and a good atmosphere are key motives and success factors for the merger.

Originality/value

By adapting the IMP research perspective and the concept of network position to the analysis of mergers the additional aspects of the merger process which are usually not raised in relevant traditional mergers and acquisitions literature are revealed. A merger is not just the sourcing of resources, but also interdependencies and taking joint decisions with regard to them; not just economic aspects, but also social aspects of relationships (trust and atmosphere); not just the sharing of resources between merged entities, but also the constant influence of other relationships and interactions on these resources.

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Article
Publication date: 1 January 1994

Mark Weber

Lafayette College currently provides access to thirty‐two shared CD‐ROM data‐bases of various types ranging from the complete works of Shakespeare to the ProPhone national…

102

Abstract

Lafayette College currently provides access to thirty‐two shared CD‐ROM data‐bases of various types ranging from the complete works of Shakespeare to the ProPhone national telephone directory on CD‐ROM. The task of providing users access to the many different vendors' front ends for searching these databases can be daunting, not to mention the technical issues involved with sharing CD‐ROMs in the networked environment. This article describes the equipment used at Lafayette College and how it is configured and connected.

Details

Campus-Wide Information Systems, vol. 11 no. 1
Type: Research Article
ISSN: 1065-0741

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Article
Publication date: 1 March 1994

Mark A. Weber

At Lafayette College, our campus computer network connects forty‐five buildings via Token Ring to centralized Novell file servers, multiuser host systems, and optical disk…

1168

Abstract

At Lafayette College, our campus computer network connects forty‐five buildings via Token Ring to centralized Novell file servers, multiuser host systems, and optical disk databases. The network currently supports shared printing equipment to seventy groups of users including faculty and administrative departments, public access computing classrooms which are open 24 hours, special purpose course labs, and student residence halls. The approach I use, while not without drawbacks, provides our users with an easily accessible interface to printing resources as well as a manageable and supportable platform for our technical staff.

Details

Campus-Wide Information Systems, vol. 11 no. 3
Type: Research Article
ISSN: 1065-0741

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Article
Publication date: 1 April 1994

Mark Weber

At Lafayette we maintain several public access computing sites which are open to students 24‐hours‐a‐day. These converted classrooms are also used by faculty and staff for various…

104

Abstract

At Lafayette we maintain several public access computing sites which are open to students 24‐hours‐a‐day. These converted classrooms are also used by faculty and staff for various workshops and provide group access to software which academic departments may select to aid their course‐work. The need to restore quickly all machines in a site to the same condition has led us to develop an automated node installation procedure. Virus infection, hardware failures and user tampering are some of the problems which the procedure helps us address on our shared machines and the procedure has also been expanded to aid in configuring student, faculty, and staff PCs as well.

Details

Campus-Wide Information Systems, vol. 11 no. 4
Type: Research Article
ISSN: 1065-0741

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