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  • © 2018

Socio-Cultural Integration in Mergers and Acquisitions

The Nordic Approach

Editors:

(view affiliations)
  • Provides solutions to increasing employee motivation and attitudes, in order to enhance the chances of successful acquisition outcomes

  • Explores a fresh perspective on the management of mergers and acquisitions, focusing on the relevance of employee emotion

  • Includes relevant, real life and concrete examples and practices for managing socio-cultural integration

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eBook
USD 54.99
Price excludes VAT (USA)
  • ISBN: 978-3-319-74341-7
  • Instant PDF download
  • Readable on all devices
  • Own it forever
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  • Tax calculation will be finalised during checkout
Hardcover Book
USD 69.99
Price excludes VAT (USA)

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xxv
  2. A New Research Agenda for Managing Socio-Cultural Integration

    • Mélanie E. Hassett, Niina Nummela
    Pages 1-16
  3. The Triggers and Types of Emotions Emerging in M&As

    • Riikka Harikkala-Laihinen
    Pages 17-44
  4. Relational Identity Construction in the Merger of Equals

    • Johanna Raitis, Riikka Harikkala-Laihinen
    Pages 45-63
  5. Leading M&As in a Middle Managerial Role: A Balancing Act

    • Satu Teerikangas, Gustavo Birollo
    Pages 65-94
  6. Conclusions: How to Achieve Socio-Cultural Integration

    • Mélanie E. Hassett, Niina Nummela
    Pages 119-124
  7. Back Matter

    Pages 125-127

About this book

‘I am happy and proud to see Nordic scholars playing a central role in advancing state-of-the-art knowledge in this important area of management and organization research. A must-read for all interested in Nordic mergers and acquisitions.’

Eero Vaara, Professor, Aalto University, Finland

Taking a fresh and much-needed perspective on the management of international acquisitions, this book focuses on socio-cultural integration, and in particular the importance of emotions and values. The authors build on the human-centric and typically Nordic approach to mergers and acquisitions by presenting rich empirical cases of cross-border acquisitions conducted by leading Nordic multinationals. This book goes beyond merely stating that successful human integration leads to sociocultural convergence and presents how this can actually be accomplished. The authors offer theoretical approaches and practical solutions which have the potential of improving employee motivation and well-being, and in doing so, ultimately enhancing the chances of successful acquisition outcomes. Providing concrete examples of successful practices for managing socio-cultural integration and facilitating employee commitment, this book will appeal to both scholarly and practitioner audiences.

Johanna Raitis is a Postdoctoral Researcher at the University of Turku, Finland.

Riikka Harikkala-Laihinen is a doctoral candidate in the School of Economics at the University of Turku, Finland.

Mélanie E. Hassett is a lecturer in International Business in the Management School of Sheffield University, UK.

Niina Nummela is Professor in International Business in the School of Economics at the University of Turku, Finland.

Keywords

  • international acquisitions
  • integration
  • socio-cultural convergence
  • emotional values
  • Nordic multinationals
  • employee motivation
  • wellbeing
  • employee comittment
  • workplace behaviour

Reviews

“This fascinating book on the Nordic approach to sociocultural integration speaks to me in two ways. On the one hand, there is something special in the way in which Nordic managers deal with postmerger integration. Although we do not always see it, the Scandinavian or Nordic management style as its best means respect for cultural differences, genuine care for all stakeholders, and discussion and collaboration in postmerger integration. On the other hand, I am happy and proud to see how Nordic scholars are playing a central role in advancing state-of-the-art knowledge in this important area of management and organization research. A must read for all interested in Nordic mergers and acquisitions and/or recent advances in research on socio-cultural integration.” (Eero Vaara, Professor of Organization and Management at Aalto University School of Business, Finalnd, Associate Editor of Academy of Management Journal, permanent Visiting Professor at EMLYON Business School, France and Distinguished Visiting Scholar at Lancaster University, UK)

“Creating value from acquisition integration remains challenging. This book tackles this issue in a convincing way, relying on new insights provided by the Nordic approach of integration. Read it if you want to increase your knowledge of human integration management.” (Philippe Very, Professor at Edhec Business School, France)

“The importance of creating a combined culture and common set of values within integrating companies is often neglected. This book serves as a perfect guide for focussing on the softer side of mergers and acquisitions.” (Sam Forsbom, Vice President, Value creation and integration office, DellEMC Inc.)

“In a multinational company an integration process is always ongoing somewhere in the organization. Successful large-scale post-acquisition integration requires a lot of preparation and transparent communication to manage the uncertainty. One of the key points is not to get disctracted. Companies do not have feelings, but people do, and they need to be managed.” (Panu Routila, CEO, Konecranes)

“In this volume, Johanna Raitis, Riikka Harikkala-Laihinen, Mélanie E. Hassett and Niina Nummela add two essential missing ingredients to what have become known as the "Nordic" model of M&As: emotions and values.  As such, this volume should serve to advance our understanding of M&As, which continue to define the shape of business activity across the world.” (Neal Ashkanasy, Professor of Management at the UQ Business School at the University of Queensland, Australia)


Editors and Affiliations

  • University of Turku, Turku, Finland

    Johanna Raitis, Riikka Harikkala-Laihinen, Niina Nummela

  • University of Sheffield, Sheffield, United Kingdom

    Mélanie E. Hassett

About the editors

Johanna Raitis is a Postdoctoral Researcher at the University of Turku, Finland.

Riikka Harikkala-Laihinen is a doctoral candidate in the School of Economics at the University of Turku, Finland.

Mélanie E. Hassett is a lecturer in International Business in the Management School of Sheffield University, UK.

Niina Nummela is Professor in International Business in the School of Economics at the University of Turku, Finland.

Bibliographic Information

Buying options

eBook
USD 54.99
Price excludes VAT (USA)
  • ISBN: 978-3-319-74341-7
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book
USD 69.99
Price excludes VAT (USA)