Document Type
Article
Language
eng
Publication Date
8-14-2018
Publisher
SpringerOpen
Source Publication
Journal of Organization Design
Source ISSN
2245-408X
Abstract
Acquisition experience is commonly viewed as an important determinant of subsequent acquisition success. Yet, empirical evidence suggests that acquisition experience may not be positively associated with acquisition performance and could even hurt performance. In this article, we highlight specific practices that facilitate and impede learning from acquisitions and draw implications for managers. In particular, we suggest that managers (1) expand time between acquisitions, (2) implement strong governance mechanisms and top management team diversity, (3) use similar-context experience, (4) avoid herding behavior in acquisitions, and (5) minimize blind reliance on financial advisors to effectively transfer prior acquisition experience into acquisition success.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Recommended Citation
Kolev, Kalin and Haleblian, Jerayr (John), "When Firms Learn from Prior Acquisition Experience" (2018). Management Faculty Research and Publications. 322.
https://epublications.marquette.edu/mgmt_fac/322
Comments
Published version. Journal of Organization Design, Vol. 7, No. 8 (August 14, 2018). DOI. © 2018 The Author(s). This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.