ACE 231 Mergers and Acquisitions Final Exam || With Questions & Answers (Graded A+)
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Mergers And Acquisitions
ACE 231 Mergers and Acquisitions Final Exam || With Questions & Answers (Graded A+)
ACE 231 Mergers and Acquisitions Final Exam || With Questions & Answers (Graded A+)
Chapter 8: Managing Change and Innovation - ANSWER - -"Change or Die" and "if you don't like change, how do you think you'll li...
, ACE 231 Mergers and Acquisitions
Final Exam || With Questions &
Answers (Graded A+)
Chapter 8: Managing Change and Innovation - ANSWER - -"Change or Die" and "if
you don't like change, how do you think you'll like irrelevance"
-The "Knowledge Economy" of the 90's is turning into the "Creative Economy"
-Change comes from both inside and outside forces
Three Critical Innovation Strategies: - ANSWER - 1) Exploration
-Create environment
- Idea incubators (hunches)
- New Model (open/crows-sourcing)
2) Cooperation
- "Horizontal Linkage" work together
3) Entrepreneurship
- "Idea Champion"
- "New Venture Teams" = separate unit with project
Organizational Change - ANSWER - the adoption of a new idea or behavior by an
ENTIRE organization
-Culture matters
Product Change - ANSWER - a change in the organization's product or service
outputs
- Ipad vs. Google Glass
- Volt vs. Tesla
Technology Change - ANSWER - a change in the organization's production process
Charles Leadbeater - ANSWER - - Long-term focus to innovate
- Consumers are ahead of producers
- Big ideas DO NOT come from big organizations in mainstream markets
People Change - ANSWER - individuals, training, and over-communication are KEY
Culture Change - ANSWER - involves the entire organization, how do you change
beliefs, behaviors, and attitudes?
Organizational Development - ANSWER - planned, systematic process of change
using behavioral science
Goals of Organizational Development - ANSWER - - Improve the organization's
effectiveness
- Improve the internal relationships
- Increase learning internally
- Improve problem solving internally
3 types of Problems that Organizational Development Addresses - ANSWER - -
Mergers and acquisitions
- Organizational decline and revitalization (Poor business results)
- Conflict Management (between departments)
Implementing Change - ANSWER - Outline the need for change
- Show performance gap
Understand the resistance to change
- Self-interest
- Lack of understanding and trust
- Uncertainty
- Different assessments and goals
Force-Field Analysis - ANSWER - - Driving Forces: problems or opportunities that
provide motivation for change
- Restraining Forces: barriers to change
Chapter 9: Managing Human Resources and Diversity - ANSWER - - The strategic
role of human resources management is to drive organizational performance
- The right people become more competitive; improve quality, innovation, and
customer service; retain during mergers and acquisitions, and apply new information
technology for e-business
Company Strategy: Strategic Human Resource Management - ANSWER - - Find the
right people
- Manage talent
- Maintain an effective workforce
Human Capital - ANSWER - the economic value of the combined knowledge,
experience, skills, and capabilities of employees
- Drives performance
Globalization - ANSWER - - Organizations must compete on a global basis
- Success is determined by global HR strategies
- International Human-Resource Management: addresses the added complexity of
managing diverse people globally
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