THE INFLUENCE OF ORGANIZATIONAL CULTURE IN STRATEGIC TRANSFORMATION THROUGH MERGERS AND ACQUISITIONS CASE STUDY: FOOD INDUSTRY IN ROMANIA

Authors

  • Cristina Ioana PIPER Lucian Blaga University, Institute for Doctoral Studies, Management, Sibiu, e-mail: cristinaioana.samu@ulbsibiu.ro

DOI:

https://doi.org/10.24193/subbnegotia.2021.4.05

Keywords:

organizational transformation, organizational culture, mergers and acquisitions, food industry.

Abstract

The business environment is a living organism that is continuously moving and evolving. To perform in this dynamic environment, companies need to increase existing resources, including through mergers and acquisitions. Mergers and acquisitions in Romania have had significant growth in recent years, and among the most dynamic sectors of the economy is the food industry. During the pandemic, according to Global Data, M&A in the Food Sector dropped 38%, however, it is expected that the trend will increase in the next few years. The experience proves that, despite their popularity, many mergers and acquisitions are not successful because they anticipate synergies that are not fulfilled. In addition to strategic fit, there is a strong relationship between the success of an organizational transformation and the organizational culture. The present study tries to identify the mechanism that ensures the success of the transformation process through mergers and acquisitions. The research aims to identify the models and mechanisms that ensure the success of the transformation process, from an organizational culture perspective. Finally, summarizing the results of this research, we could suggest helpful interventions in the organization going through mergers and acquisitions. In this way, businesses can limit the negative effect of the transformation processed and improve their chances of performance.

JEL Classification: G34, L2

References

Bowdieth, Buono (1982). Human side of Merge and Acquisitions, Beardbooks

Bohlin, N., Daley, E., & Thomson, S. (2000). Successful post-merger integration: realizing the synergies. Handbook of Business Strategy, Emerald Publishing

Cameron, Kim S. and Quinn, Robert E. (2006). Diagnosing and Changing Organizational Culture Based on the Competing Values Framework, The Jossey-Bass Business & Management Series

Coleman, Robert Douglas, and Lee, Stephen J. (1991). Handbook of Mergers, Acquisitions, and Buyouts, https://archive.org/details/handbookofmerger00lees/page/n7/mode/2up

Cooke and Lafferty (1989). Organizational Culture Inventory, Plymouth, MI: Human Synergistics

Cooke, R.A. and Szumal, J.L. (2005). Handbook of Organizational Culture and Climate, Neal M. Ashkanasy, Celeste P.M. Wilderom, Mark F. Peterson (eds.), pp. 147-162

Fletcher, A. (2006). Avoiding post-merger blues. Insight: Perspective. Bearing Point

Rothaermel, Frank (2017). Strategic Management, McGraw Hill Education

Günter K. Stahl, Ingmar Björkman. (2006). Handbook of research in international Human Resource Management, MPG Books, pp. 405-427

Hofstede, G. (1983). Culture's consequences: international differences in work-related values. Administrative Science Quarterly, pp. 625-629

Khamal Gosh Ray (2010). Mergers and Acquisitions: Strategy, Valuation, and Integration, PHI learning pp. 164-218

Schroeder, Harold (2012). Post-merger integration the art and science way, Strategic HR Review, pp. 272-277

Robbins, S.P., Judge, T.A., Breward, K.E. (1998). Essentials of organizational behavior, Pearson

Rothaermel, F. (2017). Strategic Management, McGraw Hill Education

Stoller, Jacob (2015). Kaizen – Lean Leaders – The road to excellence, Kaizen Publishing

Downloads

Published

2021-12-30

How to Cite

PIPER, C. I. (2021). THE INFLUENCE OF ORGANIZATIONAL CULTURE IN STRATEGIC TRANSFORMATION THROUGH MERGERS AND ACQUISITIONS CASE STUDY: FOOD INDUSTRY IN ROMANIA. Studia Universitatis Babeș-Bolyai Negotia, 66(4), 85–101. https://doi.org/10.24193/subbnegotia.2021.4.05

Issue

Section

Articles