Contact University of Chicago Booth School of Business for event and ticket information.
Monday, October 13, 2008 from 7:00 PM - 10:00 PM (GMT+0800)
Mergers of Equal and Unequal Organizations
Mergers begin with great hopes for synergies, scale economies, access to new markets, and growth. Yet estimates are that more than half fail - do not live up to expectations - and many are eventually reversed. Why are so many mergers unsuccessful?
Professor Michael Gibbs will discuss his research on mergers. He and his colleagues focus on the implementation of the merger - integrating the two organizations. This step is often given short shrift during due diligence, but turns out to be the major challenge to successful merger. In their work, they found that few mergers actually result in mixing of workforces from the two companies, and that there is substantial turnover of the workforce as a result of the merger.
This research has useful implications for thinking about mergers in practice. For example, mergers of unequal partners are likely to fare better than those of equals. Merger in name, but not in organization, is likely to yield fewer synergies but may be the practical solution in many cases. When implementing a merger, the dominant firm should probably act quickly and aggressively to take control and implement change in the other firm.
Join us for a sobering and practical look at mergers ... beyond financial due diligence. Learn more>
Program:
7:00pm Registration and cocktails
8:00pm Presentation
9:00pm Networking and cocktails
Payment: Chicago GSB alumni/student as well as Friends of GSB - Wharton, Harvard, INSEAD and Oxbridge Alumni please present your discount code online.
General public tickets are denominated in US$. All major credit cards. If you don't have a Paypal account just click on the 'continue' link under "Don't Have a Paypal Account Yet?" on the left of the screen and you will be taken immediately to the credit card payment screen.
Questions: Berlinda Gooi +65-6238 2114
"In the business world, the rearview mirror is always clearer than the windscreen." ~ Warren Buffet
 |
View other University of Chicago Booth School of Business events |
 |
Contact the Host |
 |
Subscribe to receive notifications of future events by this host |
