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The top 4 factors identified are talent retention, effective communication, leadership retention and cultural integration (Stahl et al. 2004). Another important factor that has been seen to influence this acquisition negatively is the insecurity it induces in the acquired firm’s employees (Stahl and Bjorkman. 2006). This has direct implications on employee morale of the acquired firm. The uncertainty of the entire operation can lead to insecurities about their job in the minds of the acquired firm’s employees. We have seen that so far no communication has happened with regards to this acquisition. National cultures also play an important role in cross-border acquisitions. In our case also cultural integration holds the key to successful merger. Storey is used to a high handed culture where they impose their own practices over the acquired firm. For example, British people are more neutral in expressing their emotions at work place as compared to Americans (Hoecklin 1995). This means that American working style is more expressive and open than British. This can be seen in our case also as the owners of Gittins & Edwards propagated an informal culture while Storey had a very heavy handed acquisition experiences in the past. Hence, the heavy handed attitude of Storey can emanate negative responses from the more open and informal acquired company. (Bowen, Galang and Pillai 2002). The employees of Storey have been seen to exert their policies on to the new firm it acquires. This can lead to major attrition and loss of talent as there is a major cultural difference in the two firms’ operating styles.
The environment within an organization is highly dependent on the attitudes and values of its present and past leaders (Bhattacharya 2010). This has implications for our case as well. The leaders at Gittins & Edwards show a very informal but commercial style, while the British communication style is very formal. Hence the employees of the acquired firm will not
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There are three criteria for selection processes within organisations as identified by Michael Hammer and James Champy (1994). They include; Dysfunction: Process is in the deepest trouble Importance: Process has greatest impact on the company's customer Feasibility: Process is the most susceptible to successful redesign In this case, Talent Seek organisation opts to entrust a review team with the task of improving their current recruitment process (Mikel, 2006).
Though the money factors has been a subject of discussion, seventy percent of the time, a well paid employee will more likely work harder and save on company resources as opposed to less incentivized employees like Sue and George. Most of the other employees have college degrees with English as their first language and are earning much higher than Sue and George who only have diplomas and speak English as a second language.
The law of "offer and acceptance" determines whether an agreement does exist between two parties. The nature of an offer An offer is considered as an expression of willingness showed by two parties involved to form a contract on specific mutual agreed terms, which is made with an intention that the offer will become binding in nature as soon as the person to whom it is addressed accepts it Tretel, The Law of Contract, 10th edn, p.8).
The introduction, pursuit and manipulation of a strategy, of any strategy, for that matter, of growth and expansion of a company, of the extension of the existing and the conquest of new markets for its products, of finding new ways of doing old things, of scrapping old technology and adopting new, of forays into new territories abroad and overseas - the introduction and pursuit of strategies for these and related purposes - must be interrelated to the realization of the ultimate objective of the company concerned.
The company kept its focus mainly on soft cuddly teddy bears, which by then had become a must child toy in United States. Since inception, the company's hallmark remained its bear-gram delivery service. The company successfully implemented its marketing strategy through radio advertisements by popular disc jockeys, and catalogs.
If it chooses to take over Santa Isabel, it will make new inroads in the Latin American market and go through the challenges a company faces when it enters a new market.
In either case, the company faces new challenges. The Latin American market is