Description
This is a book about the human side of mergers and acquisitions.
It is written for the executive who is involved in acquiring firms and for the businessman whose company is being acquired and merged. Many people have written at length about how to structure a merger/acquisition, about how to handle the legal and financial
aspects of deal making. But there has not been one single book that focuses on the tasks and problems of postmerger management. This is rather amazing, given the fact that practically everyone agrees that people issues and postmerger problems are what cause most deals to go sour.
But there are signs that the business world is finally beginning to recognize the corporate trauma caused by mergers. Fortune magazine estimates that 25 to 50 percent of the work force is directly affected when two companies merge. And it is calculated that almost a quarter of a million employees' lives were changed as a result of the 10 largest mergers that occurred in 1983.
The hard dollars an acquirer forks over to buy another firm usually don't represent the full price tag. The people problems and managerial difficulties that subsequently develop are also a very important factor, and we might refer to the tangible and intangible costs they generate as the hidden economics of the deal.
ISBN:024204000680
