Peter Davies wrights in his article “The Changing World Petroleum Industry – Bigger Fish in a Larger Pond, 2000” that in today’s global, competitive environment, mergers are sometimes the only means for long-term survival. In cases, such as Exxon & Mobil, mergers are a strategic component for generating long-term growth. Additionally, many entrepreneurs no longer build companies for the long-term; they build companies for the short-term, hoping to sell the company for huge profits.
In the book “The Art of Merger and Acquisition Integration”, Alexandra Reed Lajoux puts it best: “Virtually every major company in the United States today has experienced a major acquisition at some point in history. And at any given time, thousands of these companies are adjusting to post-merger reality. For example, so far in the decade of the 1990’s (through June 1999), 96,020 companies have come under new ownership worldwide in deals worth a total of $ 3. trillion – and that’s just counting acquisitions valued at $ 5 million and over. Add to this the many smaller companies and nonprofit and governmental entities that experience mergers every year, and the M & A universe becomes large indeed”. When we use the term “merger”, we are referring to the merging of two companies where one new company will continue to exist (Rick MacMilman cited Shay, Donald, et al. “Speed Makes the Difference: A Survey of Mergers and Acquisitions,”).
Successful corporations in business are always seeking different ways to improve their position in their respective areas of operation. Mergers and acquisitions have been proven to be a way to do just that. A merger is simply defined as two companies joining to make a new company, whereas an acquisition occurs when one company outright purchases another company. Mergers and Acquisitions are ...
A wide variety of possible data collection methods are available under the case study approach. These include the use of the questionnaire; interviews (in a variety of formats including unstructured, structured and semi-structured); observation; gathering of documentation and artefacts. The possibility of using more than one of these methods was suggested by Gillham (2000) who said that, “case study is a main method. Within it different sub-methods are used: interviews, observations, document and record analysis… and so on. ” Saunders et al. (2000) also included in their multi-layer approach to research a variety of data collection methods: secondary data (e. g. documentation); observation; interviews, and questionnaires.