Implementing Strategy in a Newly Acquired Firm

Georg Krogh

Chapter 12 in The Management of Corporate Acquisitions, 1994, pp 307-336 from Palgrave Macmillan

Abstract: Abstract A failure rate of 50 per cent or more in acquisitions makes postacquisition management a challenging topic for both academicians and practitioners. The topic, however, still calls for creative investigations and analysis of successes and failures. The present contribution follows the direction given by Datta (1991) when suggesting that ‘an interesting area for future research relates to the process of implementation [of acquisitions], and how the process can best be managed’. This chapter deals with strategically motivated acquisitions and explores the following aspect of post-acquisition management: strategy implementation by an acquiring firm in a newly acquired firm. It is argued that traditional models of strategy implementation have some shortcomings as a guide for post-acquisition management; using a field study reported in von Krogh (1990), some elements of an alternative approach to strategy implementation are presented and discussed. In our approach, the degree of autonomy of the acquired unit is dynamic and dependent on post-acquisition performance. There is an emphasis on the management of communication, and synergy is implemented in a self-organising fashion. Finally, some implications for future research and management practice are discussed.

Keywords: Strategy Implementation; Strategic Decision; Strategic Management Journal; Acquisition Strategy; Complex Implementation (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13016-0_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349130160

DOI: 10.1007/978-1-349-13016-0_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().