33:620:301 Study Guide - Midterm Guide: Mergers And Acquisitions, Job Satisfaction, Michael Martin Hammer
4 Aug 2016
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Document Summary
Globalization (japan, russia, china, india, all new entrants) Mergers & acquisitions (25% of firms in fortune 500 in 1980 were acquired by 1989) Capitalism in strategic management shareholder capitalism starts to override stakeholder capitalism. Competitive strategy (1980) (the five forces, generic strategies) Evolution of management it has evolved to integrate both the scientific and human perspectives. Integration of both perspectives leads to meddling of scientific perspective, shareholder capitalism, and human relations with themes of leadership and innovation. Agency theory (1980) crafted by jensen, it is a theory explaining the relationship between principals, such as a shareholder, and agents, such as a company"s executives. In search of excellence (1982) book written by peters and waterman outlining what makes organizations effective. Reengineering (1990) theory of michael hammer that involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.
