The Human Side of M & A / Edition 1

The Human Side of M & A / Edition 1

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by Dennis C. Carey, Dayton Ogden
     
 

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ISBN-10: 0195140966

ISBN-13: 9780195140965

Pub. Date: 02/28/2004

Publisher: Oxford University Press, USA

There are thousands of mergers every year and, by some estimates, two-thirds of them either fail or fall far short of expectations. How can leaders keep their merger from becoming a head-on collision?
In The Human Side of M&A, Dennis Carey and Dayton Ogden argue that most failed mergers looked good on paper—they made financial and strategic sense—but

Overview

There are thousands of mergers every year and, by some estimates, two-thirds of them either fail or fall far short of expectations. How can leaders keep their merger from becoming a head-on collision?
In The Human Side of M&A, Dennis Carey and Dayton Ogden argue that most failed mergers looked good on paper—they made financial and strategic sense—but the crucial human element was neglected or overlooked. Consequently, corporate cultures often clash and wreck any chance that the companies will work harmoniously together.
The authors, who have worked with many companies in the process of merging, draw on their unique experience to demonstrate how to address the human side of a merger, revealing pitfalls to avoid as well as best practices to pursue. They describe how to assess the quality of the people on both sides, aligned with the strategy, to determine whom to retain. They argue that the CEOs need to create a new vision for the combined company (one that differs from the visions of the two individual entities). And they stress that it is vitally important to move quickly once the merger is approved so that the new enterprise can hit the ground running on the first official day of operating as a combined company. The book concludes with a rigorous statistical appendix that analyzes some of the most successful mergers of the past ten years, validating the book's underlying theme and conclusions.
While the volume of mergers may wax and wane depending on a host of economic factors, mergers will endure as a logical, efficient, and profitable strategy for many companies in a global economy. This book will help ensure the success of those who choose this path.

Product Details

ISBN-13:
9780195140965
Publisher:
Oxford University Press, USA
Publication date:
02/28/2004
Pages:
208
Product dimensions:
9.50(w) x 6.30(h) x 0.80(d)
Lexile:
1340L (what's this?)

Table of Contents

Prefaceix
Chapter 1Introduction: Improve the Odds3
Chapter 2Take Stock of Human Capital17
Chapter 3Create a New Vision45
Chapter 4Retain and Motivate Key Players70
Chapter 5Integrate Deliberately and Swiftly92
Chapter 6Survive the Regulatory Process115
Chapter 7Beef Up the Board138
Chapter 8Conclusion: The Lucky Seven: Best Practices for Successful Mergers158
AppendixSmart Money and Smart Bidders169
Index185

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The Human Side of M & A 4 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
During the 1990s, mergers and acquisitions (M&A) hit a historic high. Yet academic research confirms what anecdotal evidence suggested: most mergers do not work. Authors Dennis C. Carey and Dayton Ogden (writing with Judith A. Roland) contend that most mergers fail because of mismanagement and neglect of the merged company¿s 'soft side' - the cultural and human dimension. They draw on their experiences as human resource consultants to outline a strategy for assessing people, creating vision, integrating mergers and addressing the soft side¿s hard problems. We find that the book¿s greatest strength is its interviews with executives and other insiders who have direct experience with high-profile mergers, both successes and failures. If you are an executive or human resources manager in a company on either side of a merger - or if you think you¿ll find yourself in that position in the future - read this book before you sign that deal.