To fully understand merger failures we need to understand the motivation behind M&A activity – which is primarily about the creation of value by exploiting [what is euphemistically referred to as] synergies. Technically speaking, “synergy” is defined as the increase in the merging firms’ competitive strengths and resulting cash flows beyond which the two companies […]

William Bridges focuses on transitions and the psychological changes that lie behind behind significant organisational change. Situational changes are not as difficult for companies to make as the psychological transitions of the people impacted by the change In the best-selling “Managing Transitions” Bridgesprovides a clear understanding of what change does to employees and what employees in transition can do to an organisation. He […]

Transformational leadership theory is all about leadership that creates positive change in thefollowers whereby they take care of each other’s interests and act in the interests of the group as a whole. James MacGregor Burns first brought the concept of transformational leadership to prominence in his book Leadership [1978]: “Essentially the leader’s task is consciousness-raising on a wide plane. […]