Papathanassis, A: Post-Merger Integration and the Management

Softcover Nachdruck of the original 1. Auflage 2004
ISBN: 978-3-8244-8245-0
Verlag: Deutscher Universitätsvlg

Buch, Englisch, 301 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 416 g

Reihe: Strategie, Marketing und Informationsmanagement

1.0 Introduction In the popular film "Wall Street", the ruthless investment banker played by Michael Douglas, devotes an ode to "Greed", as part of his speech to the shareholders' meeting of a paper company he aims at acquiring: "The point is ladies and gentlemen that greed, for the like of a better word, is good. Greed is right. Greed works! Greed clarifies, cuts through and captures the essence of evolutionary spirit. " Even though the aforementioned acquisition deal did eventually fail, in today's economy M&A activity is surging to levels previously unknown. With the exception 1 of the first quarters of 2002, the last decade has been characterised by unprecedented 2 number of transactions • It appears that "greed" is gaining ground amongst top executives and shareholders. Inasmuch as greed is an integral part of human nature, so is the propensity to grow and develop a part of organisational nature. Greiner (1998:p.66) claims that organisational evolution is not merely a self-implied process, but a "contest for survival". In other words, if organisations are to reach and potentially surpass their average life 3 expectancy range of 20 to 50 years, they need to evolve. Mergers & acquisitions seem to play a primary role in the evolution, and thus survival, of organisations.

Zielgruppe

Research

Autoren/Hrsg.

Papathanassis, Alexis

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Mergers & Acquisitions (M&A), Übernahmen & Buy-outs
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Dienstleistungssektor & Branchen Tourismuswirtschaft, Gastgewerbe
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmenskommunikation
• Sozialwissenschaften Sport | Tourismus | Freizeit Tourismus & Reise Tourismus & Reise: Ökonomie, Ökologie

Inhaltsverzeichnis

1.0 Introduction.- 1.1 Research topic.- 1.2 Research imperative.- 1.3 Research methodology.- 1.4 Structural logic of the dissertation.- 2.0 Literature review.- 2.1 Merger literature and research: Theoretical context.- 2.2 Merger theory and practice: Evaluation and implications.- 2.3 The role of post merger integration in mergers.- 2.4 The importance of information & communication systems in post merger integration.- 2.5 Establishing the basis for the creation of a management framework for post-merger ICS.- 3.0 ICS Management within post merger integration: analytical framework construction.- 3.1 VIP concept: The path from vision to process.- 3.2 Towards an integrated concept for ICS management within mergers.- 3.3 Post-merger ICS management concept overview: Managing systems for integration value — POMICS.- 3.4 POMICS application variants.- 3.5 Synergy equals syskepsis and synpraxis.- 4.0 Concept of value in tourism mergers.- 4.1 Mergers in tourism: Historical overview and rationale.- 4.2 Key sources of merger value in tourism.- 5.0 Integration meaning in the world of TUI.- 5.1 Integration visualisation: The Y model.- 5.2 Y model of Integration: Strengths and risks.- 5.3 Rules of the game in the world of TUI: Integration of equals.- 5.4 Evaluation of visualisation — integration game rules relationship: Implications.- 6.0 ICS integration potential in the world of TUI.- 6.1 The importance of ICS for integration in TUI.- 6.2 ICS management competence.- 6.3 ICS integration strategy: A mixture of approaches.- 7.0 TUI’s ICS integration operations.- 7.1 Apollo systems development process.- 7.2 Apollo programme organisation.- 8.0 Synthesis and recommendations.- 8.1 Diagnosis: Case study overview of results, impact and recommendations.- 8.2 Demonstrating the value of aholistic understanding.- 8.3 Final word on the case study results.- 9.0 Research implications & reflections.- 9.1 Wider research implications: Evaluating current developments in tourism.- 9.2 Critical evaluation of the POMICS framework.- 10.0 Epilogue.- 10.1 Research summary.- 10.2 Proposals for further research.- 10.3 Closing word.- Appendix A.- Glossary of terms.- Appendix B.- Core tourism processes: An overview.- Appendix C.- Secondary research sources.- Appendix D.- Primary research design & results.- Bibliography & references.

Über Autor(innen)

Dr. Alexis Papathanassis promovierte bei Prof. Dr. Klaus-Peter Wiedmann am Lehrstuhl für Allgemeine Betriebswirtschaftslehre und Marketing II der Universität Hannover.