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Turmoil in Top Management Teams Following Mergers and Acquisitions
This book, written by Virginia Commonwealth professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 1, Turmoil in Top Management Teams Following Mergers and Acquisitions, provides an overview of the roles of top corporate management, the issues that arise for those executives when companies merge, the nature and extent of executive turnover, and the attendant challenges for top managers who remain in place. -
Mergers and Acquisitions
This book, written by Virginia Commonwealth professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 2, Mergers and Acquisitions, discusses global M&A trends and the different strategies that firms use to grow revenues and assets over the long term. It then discusses why M&As are a popular strategy for growing the firm over the long term and why technology and globalization trends should spur increased worldwide M&A activity over the next several decades. -
Top Management Teams
This book, written by Loyola University of New Orleans professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 3, Top Management Teams, examines the role of top management teams in formulating and executing corporate strategy. It discusses why executives matter, how top management teams are created, and the importance of managerial discretion in creating effective executive teams. -
Do Mergers and Acquisitions Create Value?
This book, written by Loyola University of New Orleans professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 4, Do Mergers and Acquisitions Create Value?, discusses the economic rationale for M&As and whether they create value for shareholders. -
Mergers Fail
This book, written by Loyola University of New Orleans professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 5, Why Mergers Fail, discusses why M&As fail. In particular, it discusses the tendency of acquiring firms to overpay, synergy creation in M&As, and the importance of industry structure in determining firm profitability and merger success. Chapter 5 also examines the effects of M&As on target company executive teams, how acquiring firms can minimize the negative effects of an acquisition on target company leadership, and how firms can build more effective top management teams during the postmerger integration process. -
Executive Turnover and Postmerger Performance
This book, written by Loyola University of New Orleans professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 6, Executive Turnover and Postmerger Performance, discusses the relationship between postmerger executive turnover and postmerger performance. Current evidence suggests that turnover is a major cause of poor performance. I take a contrary view and explain why turnover can sometimes be a Beneficial outcome of an acquisition. -
After the Merger: Why Executives Stay or Leave
This book, written by Loyola University of New Orleans professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 8, After the Merger, discusses why executives stay or leave after an acquisition. -
Before the Merger: Merger Motivations and Objectives
This book, written by Loyola University of New Orleans professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 7, Before the Merger, discusses merger motivations, executive perceptions of different merger motives, and the strategic drivers of M&As. -
Conclusion
This book, written by Loyola University of New Orleans professor Jeffrey A. Krug and published by Business Expert Press, provides an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm's long-term performance, the reasons why executives depart after an acquisition, the effects of these departures on target company performance, and other key issues. Chapter 9, Conclusion, discusses strategies for managing executive turnover and building more effective top management teams following a merger or acquisition. -
Law Nine: Software - Open Always Wins...Eventually
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is an 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 11 discusses the ninth and final law of disruption: software. Different software models are explained, and the open source business model is explored at length. The author traces the movement of software from physical media to web-based usage, or "Software as a Service" (SaaS), and discusses the implications of this shift. -
Conclusion-Lessons Learned
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is an 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. In the twelfth and final chapter, the author states, "Our new laws won't look much like the old ones. Treaties, statutes, regulations, and judicial opinions are giving way to more organic forms. The Declaration of Independence of digital life has already been written. Its Constitution, made up of wikis, terms of service agreements, privacy policies, and software code itself, is now being drafted." In his view, lawmakers have disappointed us, while regulatory agencies have behaved even worse. He offers a possible source of hope, the old-fashioned virtue of understanding your customers: "As businesses shift the focus of their attention from wooing regulators to engaging customers, innovators will find they have a lot to learn about working with the latter as equal partners." -
Digital Life - Understanding Second-Order Effects
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is a 12-chapter book published by Basic Books/Perseus Books Group. Compossed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between social, economic, political, and legal systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 1 introduces the Law of Disruption and its key drivers, Moore's Law and Metcalfe's Law. Downes argues that these laws help to reveal the foundation for a new human existence - the digital life. The escalating conflict between business leaders, governments, and consumers over intellectual property and information is also discussed. -
The Weird Economics of Information - Non-rivalrous Goods and the Problem of Transaction Costs
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is a 12-chapter book published by Basic Books/Perseus Books Group. Compossed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between social, economic, political, and legal systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 2 explores the opportunities and risks of living in the digital era by analyzing the economic behavior of information. The conflict between non-rivalrous information and a property rights system designed around the scarcity of manufactured (rivalrous) goods is discussed. -
Law One: Convergence - When Worlds Collide
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is a 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 3 introduces the first of the nine laws of disruption: convergence. As wireless access and cheap mobile computing become ubiquitous, the world of the physical and the world of the digital are merging. On the border, difficult problems of law appear. Where do our digital activities take place? What law applies? Are judges, legislators, and law enforcement officers competent to enforce behavioral standards on our world? The author contends that the best and most effective code for the intersection of industrial and information economies is a market-based solution, not a governmental imposition of antiquated rules. -
Law Two: Personal Information - From Privacy to Propriety
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is a 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 4 discusses the second of the nine laws of disruption: personal information. This chapter proposes a working definition for privacy in the digital era. The author discusses the economic value of privacy to both society and individuals. He proposes a market-based model for addressing privacy issues such as those recently surfaced through social networking sites. -
Law Three: Human Rights - Social Contracts in Digital Life
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is a 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 5 discusses the third of the nine laws of disruption: human rights. The author argues that individual rights in digital life eroded badly during the war on terror of the early 2000's, and that "the only protection most of us are left with is the sheer volume of information and the lack of funding for governments to sift through all of it." He goes on to propose the establishment of several principles of digital civil liberties, and then the writing of software to enforce them. -
Law Four: Infrastructure - Rules of the Road on the Information Highway
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is a 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 6 discusses the fourth of the nine laws of disruption: infrastructure. The author explores the government's role in the production, implementation, and ultimately, protection of the digital infrastructure. Regulatory measures and their often adverse effects are also discussed. -
Law Five: Business - All Regulation is Local
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is an 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 7 introduces the fifth of the nine laws of disruption. Globalization has been turbocharged by the Internet. But merchants and consumers are learning to their peril that the easier it is to interact across borders, the more likely it is that provincial and often pointless local laws will rear up to interfere with trade. Sometimes, conflicting laws and uneven enforcement can come close to forcing a hard stop. The author argues that we need a single uniform law of digital commerce - and further, that the building blocks for writing one are in place. -
Law Six: Crime - Public Wrongs, Private Remedies
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is an 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 8 discusses the sixth of the nine laws of disruption: crime. The recent increase of digital crime is analyzed, as are the complications encountered by traditional law enforcement agencies attempting to prevent it. -
Patent - Virtual Machines Need Virtual Lubricants
The Laws of Disruption, written by Larry Downes, a partner with the Bell-Mason Group, is an 12-chapter book published by Basic Books/Perseus Books Group. Composed of four sections, the book explores a simple but unavoidable principle of modern life: though technology changes exponentially, social, economic, and legal systems change incrementally. This disparity in change, Downes argues, will inevitably instigate conflicts between systems rooted in the past and the current and future generations who are dramatically rewriting the rules of both business and social interaction. Downes suggests nine emerging principles that are shaping a new legal code - the laws of disruption - that will close the gap between institutions of the past and those of the future. Chapter 10 discusses the eighth of the nine laws of disruption: patent. The author explores the history of patent protection for computers and software, notably its failures and hindrances. He advocates the development of a new, more limited patent that would protect inventors without stifling competition.