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Structure, Strategy and the MBO Life Cycle

In: Cultural, Structural and Strategic Change in Management Buyouts

Author

Listed:
  • Sebastian Green

    (University College)

  • Dean F. Berry

    (The MAC Group
    The London Business School)

Abstract

MBOs, through divestment, frequently attempt strategic and other business changes within the first few months of their existence. The need for a rapid turnaround; an increase in autonomy following the cut in the umbilical cord to an often ailing parent; the increase in gearing; the (hopefully) agreed preferences of institutional share-holders; the attitudes of employees, creditors and other stakeholders; the circumstances in which the buyout came into being; the hive down in assets or business taken through the buyout; and the motivating and incentive effects of personal ownership; all create a context for rationalisation (a change of degree), or a strategic redeployment of assets or redirection (a change of kind).

Suggested Citation

  • Sebastian Green & Dean F. Berry, 1991. "Structure, Strategy and the MBO Life Cycle," Palgrave Macmillan Books, in: Cultural, Structural and Strategic Change in Management Buyouts, chapter 9, pages 201-226, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21559-1_9
    DOI: 10.1007/978-1-349-21559-1_9
    as

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