Facoltà: Economia Aziendale e Management - Classe LM-77
Collocazione: 15974
Autore: Stockhammer Michael
Data: 12/10/2017
Titolo: Dynamic Capabilities during the Organisational Growth Stages – Experimental Evidence in the Context of M&A Integration
Relatore: Minelli Eliana Alessandra
Correlatore: Sebastiano Antonio
Autorizzazione per la consultazione: SI
Le tesi si possono consultare unicamente in sede
Mergers and acquisitions are seen as a major source of inorganic growth. Despite the prominence of mergers and acquisition in strategic management and organisation literature, the majority of transactions fail to deliver the desired and planned results and synergies. However, a certain degree of integration is necessary after an acquisition. A relatively new approach in literature is to introduce dynamic capabilities as a possible factor of success in post-merger integration. Dynamic capabilities should on the one hand help to adapt to changes in the environment, on the other hand, to break up rigid and inert routines. As dynamic capabilities can be seen as path-dependent, this thesis combines mergers and acquisition with dynamic capabilities and takes account for the path-dependency by simulating a miniature-organisation undergoes an organisational life cycle. An experimental card game provides a setup which fosters the development of routines and their adaption through manipulations of the setup. Furthermore, participants are newly merged within the setup, after two stages of the organisational life cycle, to simulate different mergers and acquisitions strategies and to observe the transfer of dynamic capabilities after the merger. The experiment revealed that a more collaborative approach fosters the transfer of routines and leads to a better performance in post-merger integration. A more nuanced analysis is provided as well, taking into account the different rationales of mergers and acquisition. Finally, personal traits of employees are considered for the mergers and acquisition success. The results of this thesis embody interesting implications for researchers and practitioners.
