1. Introduction 1.1 Total Quality Management Total quality management simply defines a management access to long term of success in order to achieve customers’ satisfaction. In total quality management, it is usually focuses on continual improvement, total involvement of employees, communications, customers’ needs and many others. In other words, continuous improvement brings the organization to become more competitive and more efficient to achieve stakeholders’ expectation by being more creative and analytical to create better outputs(ASQ, n.d). Besides, in order to fulfill the continual improvement, it is very important to obtain involvement of every employee in such a way that employees grow stronger and closer relationship with one another through highly motivated and innovating communication skills. This is because communication plays a large portion in maintaining morale and understanding of every party. In addition, the main objective of these focuses is to satisfy customers’ perspective to organization as customers are the targets of every organization(CQI Charter Quality Institute, 2014). 1.2 Merger and Acquisition Merger and acquisition simply tells the expansion of an organization by joining together where it involves the combination of two companies to shape a new company that is called merger and aside from that other expansion also involves the buying of one company by other existing company where no new company is formed in which called acquisition(Investopedia, 2014). In the same manner, both merger and acquisition objected to reduce the number of competitors. Moreover, merger and acquisition are seen about equals and slightly difference in a sense that when merger and acquisition happen, most employees remain ... ... middle of paper ... ... is best that an organization provides training and often creates group meeting in order to enclosed relationship between employees. During group meeting, it is essential for every employee to speak up so that all employees got to learn at the same time regarding difference cultures. Aside from that, roles and responsibilities are very important in successful organization. This further tells, though sometimes there is a conflict between employees and they got to think back on the roles and responsibilities’ being assigned to them and what is being expected on them. In this case, in the employees’ point of view, roles and responsibilities are more important than the conflict itself. Therefore, works are still being done in the exchange of conflict as this also helps employees to know more on other members’ behaviors and experties(Brett, Behfar and Kern, 2014).
In spite of the legal difference between mergers and acquisi-tions, both terms are often used together. In international business the expression merger and acquisition, abbreviated M & A, or only merger, has become a general term referring to all kind of activities which are related to the selling and buying of a company. It includes classical mergers and acquisitions as well as management-buy-outs and management-buy-ins, minority equity purchases, joint-vent...
Mergers is when two firms or entities, often of about the same size, agree to become one single new entity or organization rather than remain separately owned and/or operated. This kind of action is often referred to as a ‘merger of equals’. Financially, the stocks of both companies are migrated into a new stock with the new name of the company issued. (CIPD, 2009)
Although mergers and acquisitions are motivated by different requirements, the end result is to increase the organization’s size and capacity for growth. The main objective of every organization is to get maximum profit every year to increase the wealth of shareholders by giving them high dividends. Every organization adopts different techniques and tools to maximize its profit in order to survive in the fast growing market. The smaller or less profit-oriented organizations are left with no option than to quit from the market or else merge with or acquired by firms of good financial standing. Mergers and Acquisitions are options for small or less profit-making organisations to survive in the emerging market. In theory, mergers and acquisitions
An acquisition can be defined as the consolidation of companies or assets. This is basically when one company is purchased by another and as a result, no new company is formed. There are several different drivers of a successful acquisition; these comprise of due diligence, strategic drivers, and aligning cultures.
Introduction Mergers and acquisitions are some of the popular techniques that businesses employ to gain a competitive advantage (Kluyver, 2010). A merger refers to an agreement that allows two companies to combine their resources in a bid to dominate the market. An acquisition describes a situation where one corporate purchases another company as part of its overall strategy to conquer the market. Normally, the company being acquired is small than the purchasing corporation.
Companies merge and acquire other companies for a lot of strategic reasons with different degree of success. The success of a merger is measured by whether the value of the acquiring firm is enhanced by it. The impact of mergers and acquisitions on organization can be small and big in other cases.
Merger is a process when at least two companies combine to form one single company.
workplace include greater total resources, greater knowledge band and a greater source of ideas. However, these advantages can also bring on conflict within teams and the entire workplace. Varney (1989) reported that conflict remained the number one problem within a large company. This was after several attempts were made to train management in conflict resolutions and procedures. However, the conflict remained. The conflict possibly remains because the managers and leaders did not pay attention to the seriousness of the issue. In order to maintain an effective team, leaders and team members must know and be proactive in the conflict resolution techniques and procedures.
Technically, Merger is the amalgamation of two or more business or companies for increasing ambit of provision of services and efficient functioning. Mergers are usually done to widen the scale and scope of the business and produce at lesser price.
A merger or acquisition is a mix of two organizations where one partnership is totally consumed by another enterprise. The less essential organization loses its personality and turns out to be a piece of the more imperative partnership, which holds its character. A merger quenches the consolidated company, and the surviving partnership accepts all the rights, benefits, and liabilities of the combined enterprise. A merger is not the same as a solidification, in which two partnerships lose their different personalities and join to frame a totally new company. Government and state laws control mergers and acquisitions. Direction depends on the worry that mergers unavoidably dispose
Even though Total Quality Management (TQM) has been replaced by other quality methodologies in many cases, organizations that have taken the long arduous journey to properly implement TQM benefited from it immensely [1]. While TQM may be perceived by many employees as just another passing fad that will soon fall by the wayside, the environmental conditions that exist within the organization will determine if TQM can be successfully implemented and take root. What is Total Quality Management (TQM)? TQM is a system of continuous improvement of work processes to enhance the organization’s ability to deliver high-quality products or services in a cost-effective manner [2].
Total Quality Management is a management philosophy driven by customer needs and expectations. TQM focuses on quality and builds a management method based on full employee involvement. Its aim is to achieve long-term successful management through long-term customer
Quality is a very important thing in an organization; therefore it is not possible to improve the quality of a product or service substantially without major changes in all aspects of the organization. Because quality is so important if changes aren’t made throughout the organization the output of the product will no be very successful. Everyone in the organization plays a major role in the out come of its products.
When entrepreneurs plan their business future they will consider how they can increase their business size or profit in a short period. Entrepreneurs may consider growing their business or company by using a merger or an acquisition. These methods can be a speed up tool and a short cut to enlarge their business. (Burns, 2011) Also they can reduce competition, make it easier for entrepreneurs to think about the market and product development and risk reduction. Furthermore, some lesser – known companies can improve their firm’s image and market power by using merger and acquisition with larger firms. However, there may be risks associated with merger and acquisition related to lack of finance and time. (Burns, 2011) This essay will discuss more deeply the advantages and disadvantages of using mergers and acquisitions, showing how it can affect firms and market with the case study.
Our text states “conflict is an inevitable part of group processes due to the inherent differences of opinion, experience, and orientation of group members, who must resolve their changes to make group decisions. Poorly controlled group conflicts can seriously impede group performance and polarize group members” (Kreps, 2011). There will always be conflicts in the workplace; the goal is to handle and work it out before it gets out of