Managementuse of authority inherentin designated formal rankto obtain compliance fromorganizational members. Post merger integration leader and acquisition success. This study is a case study about acquisition and merger process, which took place in february 2014, when company x name changed bought three magazines and 42 employees were transferred from company y name changed. Overview and identification of main problems in people management context d i s s e r t a t i o n of the university of st. In this whitepaper, we explain 10 theories and concepts of successful leadership and management, which should provide inspiration for new approaches which you can integrate into your current working life. Given the increasing amount of merger activity, any insights that promote a greater understanding of leadership practices that enhance merger success would be welcomed by organizations. One of the most intriguing expressions of human behavior is the leaderfollower phenomenon.
A kaleidoscopic range of thoughts and theories on leadership exist. The first two explain the leadership development for a small number of people. Strategic leaders also influence subordinates to recognize and take actions that enable the companys longterm. Everybody wanted freedom but there was no unity and which made the british successful in ruling our country. Management theorists and practitioners may chose one or two of the five functions as most important, but this is not borne out normatively. Designmethodologyapproach the paper examines selected leadership literature through the lens of theory building blocks. Aug 02, 2015 this is because while traits may have an impressive stability over a period of time, they have little consistency across situations mischel, 1968. Leadership theories free ebook in pdf, kindle and epub. Company x is a multimedia house known for its magazine brands.
The role of leadership in mergers and acquisitions. They examine several dif ferent contingency theories, including the situational model, contingency model, and pathgoal theory. Acquisition and merger process through the eyes of employees. Leadership theories free ebook in pdf, kindle and epub format. Paulina junni, riikka mirja sarala 2014, the role of leadership in mergers and acquisitions. Pdf changing theories of leadership and leadership development. Cultural integration has been cited as a main but oftenthe consistently high rate of merger failure is a concern given the increasing number and magnitude of mergers that shape todays industries. Trait theory tries to describe thetypes of behavior and personalitytendencies associated witheffective leadership. Hamilton in sissaye postulates that the core of this theory is the argument that the nature of the job determines the emergence of the leader.
The goal of a horizontal merger is to create a new, larger organization with more market share. Leadership theories and attempting to explain and define leadership concepts have abounded. Youll discover the theories and concepts that underpin mergers and acquisitions, and learn the skills involved in executing transactions, from a deals inception to postmerger integration. Situational theories presume that leadership style is relatively flexible, and. The importance of leadership and culture in mergers 6 the importance of leadership and culture in mergers i. Introduction to management and leadership concepts. Key elements of leadership integration in a mergeracquisition. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext.
You can use these as inspiration and a potential toolkit from which you can develop your own leadership style based on your own personality, the task at hand and the team that you are leading. The elusive art of postmerger leadership mergers that appear to be successful in the short term often destroy value later on. In addition, the concepts of quantitative and qualitative dimensions of time must be considered huy, 2001. This high failure rate was on the minds of keybank chairman and ceo beth mooney, president chris gorman, who was charged with leading the overall mergerintegration process, the entire executive team, and the board of directors of key from the moment they contemplated its mergeracquisition of first niagara financial group in 2015. Pdf theory and practice of mergers and acquisitions. Some personality traits may lead people naturally into leadership roles. Becoming an effective strategic leader involves developing your skills and knowledge to cope with competition and respond quickly to opportunities. The importance of leadership and culture in mergers. Strong leadership can disrupt order and efficiency and too strong a focus on management can discourage risktaking and innovation. The third is the differential leadership because leadership is very vital and different leaders have different roles. You can use these as inspiration and a potential toolkit from which you can develop your own.
In general, these theories state that leadership effective ness is maximized when leaders correctly make their behavior contingent on certain situational and fol. Management and leadership are both involved in creating networks or relationships in order to facilitate the taking of action. This high failure rate was on the minds of keybank chairman and ceo beth mooney, president chris gorman, who was charged with leading the overall merger integration process, the entire executive team, and the board of directors of key from the moment they contemplated its merger acquisition of first niagara financial group in 2015. To sissaye 2001, the situational theory came to replace both the functional and the trait theories of leadership. Harwood page 6 situational theory in which situation is the leader effective. Ankara university, turkey abstract complex systems are social networks composed of interactive employees interconnected through collaborative, dynamic ties such as shared goals, perspectives and needs. One around the turn of the twentieth century, the second peaking in 1929 the third in the latter half. Some important theories of leadership under this category are. Fielders contingency theory is the only one that says a leaders style is fixed and cannot be trained. At that time mahatma gandhi arrived from south africa. Situational and contingency theories of leadership.
Introduction to mergers and acquisitions 5 a horizontal merger horizontal mergers occur when two companies sell similar products to the same markets. It as a concept has fascinated numerous thinkers and management gurus over the years. This article throws light upon the top three categories of leadership theories. Understanding leadership theories and concepts crawford, chris on. Pdf the role of leadership in successful international. Changing theories of leadership and leadership development.
So what are some of the core concepts of leadership that we need to be working on ourselves as well as sharing with that next generation of. Click the pdf icon below to download the ebook from the online library. While earlier thinkers believed that it was based on certain inborn characteristics in people and that. So what are some of the core concepts of leadership that we need to be working on ourselves. Introduction in 1998, two of the worlds most prominent automobile manufacturers daimlerbenz and chrysler corporation announced the two companies were to merge damiler, chrysler and the failed merger management case study. The consistently high rate of merger failure is a concern given the increasing number and magnitude of mergers that shape todays industries. Merger and acquisition activity in the united states has typically run in cycles, with peaks coinciding with periods of strong business growth. Ohio state model fiedlers contingency theory university of michigan studies path goal theory all of the above. Advances in mergers and acquisitions advances in mergers and acquisitions, volume emerald group. Introduction to management and leadership concepts, principles, and practices ing. Chapter 4 leadership theories and models leader, from.
Foundations of leadership summary chart of leadership perspectivestheoriesmodels v. These theories which construct the pillars of general theory of change encompass lifecycle, teleological, dialectical, and evolutionary theories. Creating a conceptual framework for management implications and research volume 21 issue 2 robert j. We use cookies to offer you a better experience, personalize content, tailor advertising, provide social media features, and better understand the use of our services. Bass theory of leadership states that there are three basic ways to explain how people become leaders stogdill, 1989. These theories which construct the pillars of general theory of change encompass lifecycle, teleological, dialectical, and. Little that managers at all levels in an organization do falls outside the purview of the five management functions. Since the beginning of civilization, people have sought answers to the questions of who becomes a leader and why.
While the general breadth of the topic post merger integration is quite large, this study is focused more narrowly on the post merger integration leadership. There is a list of suggested reading page 4 to help you learn more about the theories that appeal to you. Most theories of educational leadership refer to the type of leader or style of leader based on essential elements such as capabilities, practices, and approaches. Starting from the early leadership theories of trait and behavior, to the later ones of transformational and distributed leadership concepts, almost every aspect has been touched upon in management literature. Mergers have been known to create extreme upheaval in organizations. This is why a number of leadership scholars think the process theory of leadership is a more accurate than the trait theory of leadership. Being a leader defining leadership global leadership attributes practicing leadership 1. Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more organized and logical meaning leadership is a process whereby an individual influences a group of individuals to achieve a common goal. However, the two processes have some incompatible elements. Basic approaches to leadership baskent universitesi. The second element is the designed integration which is the scope, intensity and degree of the integration and should be driven by elementary business case for the merger or acquisition which defines integration process.
Gallen, school of management, economics, law, social sciences and international affairs to obtain the title of doctor of philosophy in management submitted by nella foley from poland. Hence a suggestion is made in the end that leadership as a broad concept should be investigated in the future, and various subtypes of. Access the whitepaper now to give your leadership skills an extra boost. Strategic leaders also influence subordinates to recognize and. Pathgoal theory extending an initial formulation by evans 15, house and his associates propose a pathgoal theory of leadership 52, 55, 57. Change, leadership and changeoriented leadership theories in. Chapter 2 conceptual framework of merger and acquisition. University of arkansas, united states department of agriculture, and county governments cooperating. Leadershipthe ability to influence agroup toward theachievement of goals. Leadership theories and the concept of work engagement. Overview and identification of main problems in people.
Book description isbn 9781626207784 48 pages this ebook describes the ten most popular contemporary leadership theories. It is founded on the contingency theory of social organization. Based on lifecycle theory, change progresses in a linear style and every stage of this process needs to be completed in order to form a stage for the next step to occur. Hamilton in sissaye postulates that the core of this theory is the argument that the nature of. The extant literature of postmerger leadership identified a menu of leader competencies which were deemed important and were perceived to have a favorable influence on merger success. A dynamic theory of leadership development abstract purpose the paper offers a dynamic theory of leadership development. Situational theories presume that leadership style is relatively flexible, and indeed flexible enough for a leader to move. Change, leadership and changeoriented leadership theories in higher education. Leadership concepts and theories sage publications. While the general breadth of the topic postmerger integration is quite large, this study is focused more narrowly on the postmerger integration leadership.