Managing Organisation Change: An Empirical Study of Human Resource Interventions in Mergers and Acquisitions

By Balvinder Shukla and Yasmeen Rizvi.

Published by The Organization Collection

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

In the past 28 years, there have been three major waves of surging cross-border merger and acquisition (M&A) transactions. There has been another trend predicted in the nature of M&A deals during the present economic downturn. Most bankers and M&A experts expect the recession to eventually spark waves of consolidation in many industries. Weakened companies will need buyers to survive, while strong firms will take advantage of low stock market valuations to buy troubled rivals. Companies with strong balance sheets that are not constrained by credit markets will follow Jack Welch’s recent suggestion of ‘buying or burying your competition’ (Parker, 2008). Large companies have taken advantage of the present economic environment to acquire smaller companies, often at valuations below previous expectations (Halasey, 2009). Hays Report (2007) has reported that less than one third of mergers and acquisitions produce value. The reasons brought to light in the report have been lack of focus on people issues and leadership. The lack of attention with regard to HRM in M & A’s stems from the marginal role that CEOs have designated to the HRM function in M & A’s, particularly in the early stages of the M & A process. Perhaps reflecting the sometimes low relative standing of the personnel function within the firm, the M & A literature has focused primarily on financial due diligence and strategic issues in the merger process, with HRM being an afterthought that becomes relevant only in the integration stage of an M & A, i.e., when the merger is implemented (Aguilera, V.R. & Dencker, C.J., 2004). This empirical research would explore the significance of a greater role of HR during due diligence stage and also seek to determine if there is any difference between the role of HR in manufacturing sector and service sector during mergers and acquisitions.

Keywords: HR Interventions, Organisational Change, Mergers, Acquisitions

International Journal of Knowledge, Culture and Change Management, Volume 9, Issue 7, pp.27-52. Article: Print (Spiral Bound). Article: Electronic (PDF File; 1.292MB).

Balvinder Shukla

Pro Vice Chancellor, Entrepreneurship and Leadership, Amity University Uttar Pradesh, Noida, India

Dr. Balvinder Shukla is an M.Tech (Chem. Engg.) from IIT – Kharagpur and Ph.D. form Queen’s University, U.K. She is Pro-Vice Chancellor (Academic) of Amity University, Director General of ASET & Sr. Vice President, Amity Education Foundation. She is also the Founder Director of Centre of Entrepreneurship & Leadership at Amity Business School. With over 19 years of experience in academia and industry, she has worked with some of the best institutions in the world like Queens University, UK, Bloomington State University, USA, British Petroleum, UK, Delhi University, IIHT Systems, Shimnit Group, Interra Software & Amity Institutions.

Yasmeen Rizvi

Proctor and Senior Lecturer, Human Resource Department, Amity Business School, Amity University Uttar Pradesh, Noida, India

Yasmeen Rizvi is Proctor, Amity University Uttar Pradesh, India. She is Senior Lecturer at Amity Business School, Amity University Uttar Pradesh. She is M.Sc.(Biochemistry), MBA (HRM and Marketing) and is a Certified Trainer and Facilitator, Carlton Advanced Management Institute, USA. She has submitted her Ph.D thesis in the area of Organisational Change Management. She has teaching and corporate experience of over 9 years. She has presented 8 research papers at International and National Conferences at Northeastern University, Boston, USA; Indian Institute of Technology, Bombay, India; National HRD Network, Delhi Chapter; Birla Institute of Technology & Science,Pilani; Gurgaon Industrial Association and Gurgaon Management Association and Amity Business School, AUUP, Noida. She has 11 paper publications to her credit comprising of research papers in international and national journals, articles, case studies and book reviews. She is the Associate Editor of ‘The International Journal of Knowledge, Culture and Change Management(2007& 2009).’ She is also the Referee for the international journal, ‘HR Leadership Forum,’ John Wiley & Sons, May, 2009. She is the Editor of Amity Business School magazine ‘Resonare’. She has undertaken projects for OKS Spantech, Balmer Lawrie and Co., Oil and Natural Gas Corporation and Century Plyboards Ltd. She has extracurricular interests in Taekwondo (Gold and Silver Medalist), Shooting (Silver medalist, 2007 & 2008) Karate, Badminton, Swimming, Table Tennis, Squash. Her date of birth is 15-09-1973, nationality is Indian and is married. She has proficiency in four languages, English, Hindi, Bengali and Urdu.

Reviews:

There are currently no reviews of this product.

Write a Review