IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-14870-7_2.html
   My bibliography  Save this book chapter

Why History Repeats Itself: Acquisition Trends, Successes and Failures

In: Acquisition

Author

Listed:
  • Nancy Hubbard

Abstract

The current acquisition climate means that history is being rewritten daily with the announcement of each new ‘mega-merger’, but this is only history repeating itself: in the past, companies have consolidated on national lines; this time it is on a global basis. It will be interesting to see what the success rates will be of these mega-mergers — will they surpass the much touted 50 per cent success rate of the average deal? I think not, for, as we have seen, although there is often a logical strategic fit in these deals, their success relies very heavily on a well-run implementation process and the human resource (HR) function in order to oversee the raft of redundancies, relocations and reprocessing which is inherent to an economies of scale acquisition. Most acquirers do not give this element of the transaction the time or importance it deserves. As will be discussed in this chapter, perhaps this is why poor implementation and HR issues account for such a large percentage of acquisition failures. First, let us look at the history of acquisition trends.

Suggested Citation

  • Nancy Hubbard, 1999. "Why History Repeats Itself: Acquisition Trends, Successes and Failures," Palgrave Macmillan Books, in: Acquisition, chapter 1, pages 6-17, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-14870-7_2
    DOI: 10.1007/978-1-349-14870-7_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mathur MAYANK, 2020. "Macroeconomic View of Mergers and Acquisitions in the Technology Industry," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 147-155.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-14870-7_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.