TY - JOUR
T1 - The role of HR in cross-border mergers and acquisitions
T2 - the case of Indian pharmaceutical firms
AU - Budhwar, Pawan S.
AU - Varma, Arup
AU - Katou, Anastasia A.
AU - Narayanan, Deepa
PY - 2009
Y1 - 2009
N2 - Mergers and acquisitions (M&) are increasingly becoming a strategy of choice for companies attempting to achieve and sustain competitive advantage. However, not all M&As are a success. In this paper, we examine the three main reasons highlighted in the literature as major causes of M&A failure (clashing corporate cultures, absence of clear communication, and employee involvement) in three Indian pharmaceutical companies, and we analyze the role played by the HR function in addressing them. Also, we discuss the importance of gaining the commitment and focus of the workforce during the acquisition process through employee involvement.
AB - Mergers and acquisitions (M&) are increasingly becoming a strategy of choice for companies attempting to achieve and sustain competitive advantage. However, not all M&As are a success. In this paper, we examine the three main reasons highlighted in the literature as major causes of M&A failure (clashing corporate cultures, absence of clear communication, and employee involvement) in three Indian pharmaceutical companies, and we analyze the role played by the HR function in addressing them. Also, we discuss the importance of gaining the commitment and focus of the workforce during the acquisition process through employee involvement.
KW - human resource management
KW - M&As
KW - cross-border
KW - India
KW - mergers and acquisitions
UR - http://www.scopus.com/inward/record.url?scp=84992954277&partnerID=8YFLogxK
UR - http://www.emeraldinsight.com/doi/abs/10.1108/1525383X200900011
U2 - 10.1108/1525383X200900011
DO - 10.1108/1525383X200900011
M3 - Review article
SN - 1525-383X
VL - 17
SP - 89
EP - 110
JO - Multinational Business Review
JF - Multinational Business Review
IS - 2
ER -