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What are the top-ranked factors contributing to acquisition success? According to well-
known surveys and reports
Discussion
Four factors contribute to acquisition success. The first ranking factor is
effective communication, which is vital for cross-border acquisition of employees that is at 71
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percent for responding firms. This helps due to employees coming from different countries
having a misunderstanding of the language and not being used to the work environment around
them (Reiche, Harzing & Tenzer ,2019, p. 297). There are two additional objectives that are
important in any hiring of an employee. First communication is intended to lower anxiety and
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stress that every new employee deals with. Second, it helps provide management with feedback
ranking factor is the retention of key talent, which is 76 percent of firms responded (Reiche,
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Harzing & Tenzer, 2019, p. 293). The organization wants to know who exactly the key
employees are so they are aware of who they need to keep happy so the organization can grow
(Reiche, Harzing & Tenzer ,2019, p. 299). There are three things to help keep the retention of
employees. First effective and open communication is the key to keeping employees wanting to
stay within the organization. Second financial incentives such as stock options, bonuses, and a
pay increase. Lastly, having a relationship with senior management also helps employees stay
because they feel that their work matters for the organization ((Reiche, Harzing & Tenzer,2019,
p. 299). The third-ranking factor that contribute to the acquisition success is executive retention
which has 67 percent of responding firms (Reiche, Harzing & Tenzer,2019, p. 294). Executive
retention is the top employees of an organization that stays within the company for a long time to
manage the lower-ranked employees and the organization. They are responsible for directing,
planning and coordinating activities for the employees in the organization to meet specific goals
in the organization. So, having good executives in an organization is vital for growth. The last
ranking factor that contributes to the acquisition success is culture integration which has 51
percent of responding firms (Reiche, Harzing & Tenzer ,2019, p. 294). Culture integration is
when someone from different culture goes into another culture to learns what that practices and
beliefs are to adapt to their home country (Muller, 2021). Having a strong and
committed leadership that stays with the good and bad times is vital for the successful integration
of cultures (Reiche, Harzing & Tenzer ,2019, p. 300). There are three things the leadership needs
to have a thriving culture integration, and that is fundamental to being an effective
leader such as a clear vision, sense of urgency, and practical and robust communication (Reiche,
Harzing & Tenzer ,2019, p. 300).
Conclusion
In conclusion, these are all effective and vital ways to have success when having an
acquisition to your company. There are two that stand out the most to me, which is effective
communication and retention of key talent. Effective communication is vital in any
relationship because everything that is needed to be clear so that everyone is aware of what is
going on, and no one is sidetracked. For example, at my company Cintas every time I am done
with a stop, during my route, I will explain to the managers what I have done for them that day
while I was in their business which helps our company keep having them as customers.
Retention of key talent is vital for our company due to the demand and stress that comes with our
position. So having key employees stay is important because these are the employees that help
the company grow, and senior management usually do this by having good financial incentives
and strong communication with lower-ranked employees.
References
Muller, Sanan. "Cultural Integration: Definition, Examples, and Benefits." Germany Daily, 14 Dec. 2021, https://germanydaily.de/culture/cultural-integration/.
Reiche, Sebastian, Harzing, Anne-Wil & Tenzer Helene. (2019). "International Human Resource
Management" SAGE. 2019
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What are the most important factors influencing acquisition success? According to widely disseminated studies and reports
Discussion
Four factors contribute to acquisition success. The first ranking factor is
effective communication, which is vital for cross-border acquisition of employees that is at 71
percent for responding firms. This helps due to employees coming from different countries
having a misunderstanding of the language and not being used to the work environment around
them (Reiche, Harzing & Tenzer ,2019, p. 297). There are two additional objectives that are
important in any hiring of an employee. First communication is intended to lower anxiety and
stress that every new employee deals with. Second, it helps provide management with feedback
ranking factor is the retention of key talent, which is 76 percent
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