Robert Bells 10 Ordeals of a Takeover
Companies often face the possibility of being taken over. During the take over many events within the each of the companies will arise. Some examples would be, employees would fear the loss of their job because the other company might not have any use for your position; rumors will start spreading about the merger or takeover that may have been started by individuals who “leaked” the news; many other events will also arise.
In the book Surviving the 10 ordeals of a takeover by Robert Bell, looks at ways that an individual can cope with the takeover of your company or if your company takes over another company. Robert Bell breaks down the 10 major ordeals that a person might face.
The First Ordeal: The Niagara of Rumors, is something that almost everyone will face and that is once the word on an impending takeover gets out, the cascade of rumors is “the major thing that happens” inside executive offices. All rumors are started by operations on Wall Street. The rumors are started because fear and greed become visible. The fear that one might lose their job or the greed that there might be an opportunity lurking out somewhere. There are many ways we can deal with rumors and a few suggestions are (1) Don’t trust anyone or anything for face value; (2) Listen to the existing grapevine and cultivate contacts from cleaning people to former executives from your company; (3) Always ask people on the outside of your company whether they’ve heard anything contrary to what you have been told inside the company; (3) Be very suspicious of official pronouncements, no matter how reliable they’ve been in the past; (4) Always look for another position. Rather than spending too much time “rumoring,’ use the time to get your resume together an build contacts on the outside.
The Second Ordeal: Who are these guys? While rumors are roaring in your ear, you may now be desperate to know one thing and that is who are these people who are taking over? Everyone will have that curiosity. The reasons people will wonder about the new people is because it will affect them in some way in the future. There are many things a person can do to find out about what
This book is important to business students because it shows that even the most seasoned executive runs into unexpected challenges and can find themselves in uncharted territory. Jim Barton’s experiences and lessons can be lessons for anyone. Any employee, whether they are support staff or a top executive, should always maintain an open mind and be ready to learn from a situation or the people around them at any time.
implications of leadership succession in an extreme form of mergers, a merger of equals, can
Gregory Rodriguez, the author of “Truth Is In The Ear of the Beholder” shares his ideas of why there are rumors and how rumors are able to thrive because people who believe them are “predestined to believe them” (Rodriguez 484). Rodriguez supported his ideas with other’s work and gave examples to support his ideas. Throughout Rodriguez’s work he left readers questioning more about why people participate in listening and/ or spreading rumors. The reason why rumors are listen to and spread is because societies want answers and will accept rumors as answers; it doesn 't matter whether they are right or wrong as long as our curiosity is fed.
The Lester Electronics Scenario has potential for several issues and opportunities. The first issue is that Shang-Wa has been approached with a hostile takeover bid. TEC showed its interest in acquiring Shang-Wa to expand their global growth opportunities. Shang-Wa knows that due to the size of the TEC as a company, this could turn in to a hostile takeover is they do not cooperate. As part of their defensive technique, Shang-Wa has approached Lester Electronics with the idea that a partnership would benefit both companies. Lester Electronics has done the research and found that a merger would be more beneficial to the company. This could cause some possible problems with Shang-Wa because their proposal was for a partnership, not a merger. John Lin, Shang-Wa's CEO may not be ready to give up his company just yet, even though he has been thinking of retiring soon. As part of a merge with an internationally based company, Lester Electronics will also have to do the research to find out how to best deal with operational exposures, such as exchange rate fluctuations.
According to writer Barry Wood, the central theme of Robertson Davies’, Fifth Business, can be characterized as “the plight of the imagination in this chilly cultural climate” (Wood 24). The theme of small town life and isolation serve as a common thread throughout the book, and Davies’ juxtaposition of the mundane with magic, sainthood and mythical transformation identifies both the narrative and the literary composition of the book itself. The trivialities of life in rural Ontario, contrast with this sense of creation, and mythic journey towards sainthood; a literary mechanism of which Davies develops in order to convey “the universality of the realms of imagination as against the parochial mediocrity of an ordinary world.” The
A merger is a partial or total combination of two separate business firms and forming of a new one. There are predominantly two kinds of mergers: partial and complete. Partial merger usually involves the combination of joint ventures and inter-corporate stock purchases. Complete mergers are results in blending of identities and the creation of a single succeeding firm. (Hicks, 2012, p 491). Mergers in the healthcare sector, particularly horizontal hospital mergers wherein two or more hospitals merge into a single corporation, are increasing both in frequency and importance. (Gaughan, 2002). This paper is an attempt to study the impact of the merger of two competing healthcare organization and will also attempt to propose appropriate clinical and managerial interventions.
Berry, A. W. (2010, May 31). Advantages and disadvantages of acquisitions and mergers. Retrieved from http://www.helium.com/items/1561489-mergers-and-acquisitions
The purpose of this paper is to attempt to recompile information about the merger of two corporations; one of many taking places i...
A case of the Old Bailey Records contains documentation for Mary Brown’s accusation and guilty conviction on the account of shoplifting on the 20th of April in the year of 1737. Brown was indicted for stealing 9 yards of While and Silver lustering’s, and 9 yards of Green and silver ditto; a monetary value of 61 from Thomas Hinchliffe in the parish of St. Bride’s on April 7th. In addition, Mary Brown had a previous record for shoplifting that condemned her to be transported. However, Mary Brown was found in the system under the name of Mary White, during the month of February, in 1736, for robbing Mr. Davis shop. The evidence against Brown was accounted by Mr. Enstone who was managing Silver Lustering; he stated he witnessed Brown leave the
Jr wrote a note to Ventizzi, that had a check for $25, told Peter where he was, gave him Tony’s name, and told him not to open any letters. Jr filled out the address (somehow knowing where Ventizzi lived), and mailed it. Then he went back into the house, dialed 911, said that he was at a murderer’s house, and then sat back. Tony arrived before the police. He saw the note in Jr’s hand, immediately understood, pulled out his gun, and fired, then turned and ran to his car as the faint sound of sirens filled the air. Luckily, an ambulance had also been dispatched. Jr spent the next ten days in the hospital, then he had died of internal bleeding. Dr. McCoy, the same guy that delivered him, had treated him.
...dditionally, the merger can take place in smaller phases. For instance the first phase may include change of the physical look of the branches and the signage - – so as to convey a consistent view and experience for its customers. This phase may also include effective communication to the employees to educate them about the merger, ensure them of their positions and encourage them to participate in the merger. Second, the firm can totally combine the bank’s technology and the information systems which will allow the merged firm to operate as a single entity and to become fully operational. The management should implement the merger with care and prudence, aiming for minimal disruption for the customers and should communicate extensively to ensure all its stakeholders are kept fully informed as they make changes.
The soft factors can make or break a successful change process, since new structures and strategies are difficult to build upon inappropriate cultures and values. These problems often come up in the dissatisfying results of spectacular mega-mergers. The lack of success and synergies in such mergers is often based in a clash of completely different cultures, values, and styles, which make it difficult to establish effective common systems and structuresBased on the case study, extensive research and annual reports of AT&T the writer has mapped AT&T in the different domains. AT&T should strive to attain a perfect circle as close to the centre as possible, which indicates total synergy, order and equilibrium. Where the circle is skewed drastic change is needed as it moves closer to the outer ring of chaos:
... employees trust going into such a merger is instrumental in influencing their decision to approve of such a merger.
At a macro level as a result of the acquisition the combined size of Turner & Townsend Thinc was considered to be of strategic benefit to both firms. While there have been no official mass redundancies, role duplication has resulted in early retirement and resignations. However, the common problem faced after the acquisition is power struggles, excessive overhead, bureaucracy, uncontrolled layering, and decision strangulation.
When entrepreneurs plan their business future they will consider how they can increase their business size or profit in a short period. Entrepreneurs may consider growing their business or company by using a merger or an acquisition. These methods can be a speed up tool and a short cut to enlarge their business. (Burns, 2011) Also they can reduce competition, make it easier for entrepreneurs to think about the market and product development and risk reduction. Furthermore, some lesser – known companies can improve their firm’s image and market power by using merger and acquisition with larger firms. However, there may be risks associated with merger and acquisition related to lack of finance and time. (Burns, 2011) This essay will discuss more deeply the advantages and disadvantages of using mergers and acquisitions, showing how it can affect firms and market with the case study.