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Post-Acquisition Restructuring as Evolutionary Process

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  • Klaus E. Meyer
  • Enese Lieb-Dóczy

Abstract

The transformation and integration of acquired businesses is subject to tensions between implementing radical change to match the strategy and corporate culture of the acquirer, and promoting what is valuable in resources and cultural attributes in the acquired organization. Analysts' disagreement arises from different conceptualizations of the nature of resources. We present an evolutionary perspective that demonstrates not only the merits of competitive selection, but of local adaptation of transferred resources and of stimulating the development of local ones. Copyright 2003 Blackwell Publishing Ltd..

Suggested Citation

  • Klaus E. Meyer & Enese Lieb-Dóczy, 2003. "Post-Acquisition Restructuring as Evolutionary Process," Journal of Management Studies, Wiley Blackwell, vol. 40(2), pages 459-482, March.
  • Handle: RePEc:bla:jomstd:v:40:y:2003:i:2:p:459-482
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    1. repec:spr:manint:v:51:y:2011:i:4:d:10.1007_s11575-011-0088-x is not listed on IDEAS
    2. Meyer, Klaus E., 2002. "Management challenges in privatization acquisitions in transition economies," Journal of World Business, Elsevier, vol. 37(4), pages 266-276, January.
    3. repec:spr:manint:v:48:y:2008:i:2:d:10.1007_s11575-008-0012-1 is not listed on IDEAS
    4. repec:spr:manint:v:47:y:2007:i:3:d:10.1007_s11575-007-0021-5 is not listed on IDEAS
    5. Delia Ionascu & Klaus E. Meyer & Saul Estrin, 2004. "Institutional Distance And International Business Strategies In Emerging Economies," William Davidson Institute Working Papers Series wp728, William Davidson Institute at the University of Michigan.
    6. Dörrenbächer, Christoph & Gammelgaard, Jens, 2006. "Subsidiary redefinition: Charter loss in a German-owned subsidiary in Hungary," Discussion Papers, Research Unit: Internationalization and Organization SP III 2006-201, Social Science Research Center Berlin (WZB).
    7. Carlos Garcia-Pont & J. Ignacio Canales & Fabrizio Noboa, 2009. "Subsidiary Strategy: The Embeddedness Component," Journal of Management Studies, Wiley Blackwell, vol. 46(2), pages 182-214, March.
    8. Luo, Yadong & Shenkar, Oded, 2011. "Toward a perspective of cultural friction in international business," Journal of International Management, Elsevier, vol. 17(1), pages 1-14, March.
    9. Mike Wright & Robert E. Hoskisson & Mike W. Peng, 2005. "Strategy Research in Emerging Economies: Challenging the Conventional Wisdom," Journal of Management Studies, Wiley Blackwell, vol. 42(1), pages 1-33, January.
    10. Dörrenbächer, Christoph & Gammelgaard, Jens, 2006. "Subsidiary role development: The effect of micro-political headquarters-subsidiary negotiations on the product, market and value-added scope of foreign-owned subsidiaries," Journal of International Management, Elsevier, vol. 12(3), pages 266-283, September.
    11. Grimpe, Christoph, 2005. "Integration and Reorganisation of Industrial R&D: Deficits and Perspectives of Empirical Research," ZEW Discussion Papers 05-88, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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