1,003
Views
1
CrossRef citations to date
0
Altmetric
MANAGEMENT

The orchestration of intangible resources in post-merger and acquisition: A case study of Trans7 in Indonesia

ORCID Icon, , &
Article: 2152122 | Received 20 May 2021, Accepted 19 Nov 2022, Published online: 13 Dec 2022

References

  • Adspend Forecasts April 2014 - Executive Summary. [Accessed on June 1, 2014]. http://www.zenithoptimedia.com/wp-content/uploads/2014/04/Adspendforecasts-April-2014-executive-summary.pdf.
  • Afsar, B., Badir, Y. F., & Saeed, B. B. (2014). Transformational leadership and innovative work behavior. Industrial Management & Data Systems, 114(8), 1270–22. https://doi.org/10.1108/IMDS-05-2014-0152
  • Ai, Q., & Tan, H. (2017). Acquirers’ prior related knowledge and post-acquisition integration: Evidences from four Chinese firms. Journal of Organizational Change Management, 30(4), 647–662. https://doi.org/10.1108/JOCM-08-2015-0145
  • Angwin, D. N. (2000). Implementing successful post-acquisition management. Financial times management series. Prentice Hall.
  • Angwin, D. N., & Meadows, M. (2015). New integration strategies for post-acquisition management. Long Range Planning, 48(4), 235–251. https://doi.org/10.1016/j.lrp.2014.04.001
  • Angwin, D. N., Mellahi, K., Gomes, E., & Peter, E. (2016). How communication approaches impact mergers and acquisitions outcomes. International Journal of Human Resource Management, 27(20), 2370–2397. https://doi.org/10.1080/09585192.2014.985330
  • Appelbaum, S. H., Gandell, J., Shapiro, B. T., Belisle, P., & Hoeven, E. (2000b). Anatomy of a merger: Behavior of organizational factors and processes throughout the pre‐ during‐ post‐ stages (part 2). Management Decision, 38(10), 674–684. https://doi.org/10.1108/00251740010360579
  • Appelbaum, S. H., Gandell, J., Yortis, H., Proper, S., & Jobin, F. (2000a). Anatomy of a merger: Behavior of organizational factors and processes throughout the pre‐ during‐ post‐stages (part 1). Management Decision, 38(9), 649–662. https://doi.org/10.1108/00251740010357267
  • Appelbaum, S. H., Lefrancois, F., Tonna, R., & Shapiro, B. T. (2007). Mergers 101 (part two): Training managers for culture, stress, and change challenges. Industrial and Commercial Training, 39(4), 191–200. https://doi.org/10.1108/00197850710755113
  • Ataullah, A., Le, H., & Sahota, A. S. (2014). Employee productivity, employment growth and the cross-border acquisitions by emerging market firms. Human Resource Management, 53(6), 987–1004. https://doi.org/10.1002/hrm.21619
  • Balle, N., & Goodman, M. B. (2008). Hearts at stake. A theoretical and practical look and acquisitions. Corporate Communications: An International Journal, 13(1), 56–67. https://doi.org/10.1108/13563280810848193
  • Balmer, J. M. T., & Dinnie, K. (1999). Corporate identity and corporate communications: The antidote to merger madness. Corporate Communications: An International Journal, 4(4), 182–192. https://doi.org/10.1108/13563289910299300
  • Baltar, F., & Brunet, I. (2012). Social research 2.0: Virtual snowball sampling method using Facebook. Internet Research, 22(1), 57–74. https://doi.org/10.1108/10662241211199960
  • Bansal, A., & King, D. R. 2020. Communicating change following an acquisition. International Journal of Human Resource Management, 33(9), 1886–1915.
  • Barney, J. B., Ketchen, D. J., Wright, M., Barney, J. B., Ketchen, D. J., & Wright, M. (2011). The future of resource-based theory : Revitalization or decline? Journal of Management, 37(5), 1299–1315. https://doi.org/10.1177/0149206310391805
  • Beugré, C. D., Acar, W., Braun, W., & Stashevsky, S. (2006). Transformational leadership in organizations : An environment-induced model. International Journal of Manpower, 27(1), 52–62. https://doi.org/10.1108/01437720610652835
  • Black, J. A., & Boal, K. B. (1994). Strategic resources: Traits, configurations and paths to sustainable competitive advantage. Strategic Management Journal, 15(S2), 131–148.
  • Bower, J. L. (2001). Not all M&A are alike e and that matters. Harvard Business Review, 79(3), 93–101.
  • Brueller, N. N., Carmeli, A., & Markman, G. D. (2018). Linking merger and acquisition strategies to postmerger integration: A configurational perspective of human resource management. Journal of Management, 44(5), 1793–1818. https://doi.org/10.1177/0149206315626270
  • Budhwar, P. S., Varma, A., & Katou, A. A. (2009). The role of HR in cross-border mergers and acquisitions: The case of Indian pharmaceutical firms. Multinational Business Review, 17(2), 89–110. https://doi.org/10.1108/1525383X200900011
  • Calipha, R., Brock, D. M., Rosenfeld, A., & Dvir, D. (2018). Acquired, transferred and integrated knowledge: A study of M&A knowledge performance. Journal of Strategy and Management, 11(3), 282–305. https://doi.org/10.1108/JSMA-07-2017-0049
  • Camara, D. D., & Renjen, P. (2004). The secrets of successful mergers: Dispatches from the front lines. Journal of Business Strategy, 25(3), 10–14. https://doi.org/10.1108/02756660410536955
  • Chandwick, C., Super, J. F., & Kwon, K. (2014). Resource orchestration in practice: CEO emphasis on SHRM, commitment-based HR system, and firm performance. Strategic Management Journal, 36(3), 360–376. https://doi.org/10.1002/smj.2217
  • Chang-Howe, W. (2019). The challenge of HR integration: A review of the M&A HR integration literature. Journal of Chinese Human Resource Management, 10(1/2), 19–34. https://doi.org/10.1108/JCHRM-03-2019-0009
  • Chen, L., Zheng, W., Yang, B., & Bai, S. (2016). Transformational leadership, social capital and organizational innovation. Leadership & Organization Development Journal, 37(7), 843–859. https://doi.org/10.1108/LODJ-07-2015-0157
  • Cheung, M. F. Y., & Wong, C. (2011). Transformational leadership, leader support, and employee creativity. Leadership & Organization Development Journal, 32(7), 656–672. https://doi.org/10.1108/01437731111169988
  • Chun, R., & Lenssen, G. (2009). A corporate’ s responsibility to employees during a merger: Organizational virtue and employee loyalty. Corporate Governance: The International Journal of Business in Society, 9(4), 473–483. https://doi.org/10.1108/14720700910985016
  • Colbert, B. A. (2004). The complex resource-based view:Implications for theory and practice in strategic human resource management. Academy of Management Review, 29(3), 341–358. https://doi.org/10.2307/20159047
  • Colman, H. L. (2020). Facilitating integration and maintaining autonomy: The role of managerial action and interaction in post-acquisition capability transfer. Journal of Business Research, 109(1), 148–160. https://doi.org/10.1016/j.jbusres.2019.09.063
  • Corbin, J., & Strauss, A. L. (1990). Grounded theory research: Procedures, canons, and evaluative criteria. Qualitative sociology, 13(1), 3–21.
  • Dao, M. A., & Bauer, F. (2021). Human integration following M&A: Synthesizing different M&A research streams. Human Resource Management Review, 31(3), 100746. https://doi.org/10.1016/j.hrmr.2020.100746
  • Dhaundiyal, M., & Coughlan, J. (2022). Extending alliance management capability in individual alliances in the post-formation stage. Industrial Marketing Management, 102, 12–23. https://doi.org/10.1016/j.indmarman.2021.12.011
  • Dionne, S. D., Yammarino, F. J., Atwater, L. E., & Spangler, W. D. (2004). Transformational leadership and team performance. Journal of Organizational Change Management, 17(2), 177–193. https://doi.org/10.1108/09534810410530601
  • Eisenhardt, K. M. (1989). Building theories from case study research. Academy of Management Review, 14(2), 532–550.
  • Ellis, K. M., & Lamont, B. (2004). “Ideal” acquisition integration strategies in related acquisitions of equals: A test of long-held beliefs. Advances in Mergers and Acquisitions, 3, 81–102.
  • emarketer.com. 2013. Total media ad spent rising steadily in Indonesia. Retrieved form: https://www.emarketer.com/Article/Total-Media-Ad-Spending-Rising-Steadily-Indonesia/1009246
  • Faulkner, D., Teerikangas, S., & Joseph, R. (Eds.). (2012). Oxford handbook of mergers and acquisitions. Oxford University Press.
  • Galpin, T., & Herndon, M. (2008). Merger repair: When M&As go wrong. Journal of Business Strategy, 29(1), 4–12. https://doi.org/10.1108/02756660810845651
  • Ghobadian, A., & O’Regan, N. (2011). Building from scratch a marketing services giant by acquisition: Case study and interview with Sir Martin Sorrell, Chief Executive of WPP. Journal of Strategy and Management, 4(3), 289–300. https://doi.org/10.1108/17554251111152298
  • Gidhagen, M., Ridell, O. P., Sörhammar, D., & Fisk, R. P. (2011). The orchestrating firm: Value creation in the video game industry. Managing Service Quality, 21(4), 392–409. https://doi.org/10.1108/09604521111146261
  • Gioia, D. A., Corley, K. G., & Hamilton, A. L. (2012). Seeking qualitative rigor in inductive research: Notes on the gioia methodology. Organizational Research Methods, 16(1), 15–31. https://doi.org/10.1177/1094428112452151
  • Glaser, B., and, A. Strauss. 1967. The Discovery of Grounded Theory. Chicago, IL: Aldine.
  • Graebner, M. E., Heimeriks, K. H., Huy, Q. H., & Vaara, E. (2017). The process of postmerger integration: A review and agenda for future research. Academy of Management Annals, 11(1), 1–32. https://doi.org/10.5465/annals.2014.0078
  • Grubbs, J. W. (2001). A community of voices: Using allegory as an interpretive device in action research on organizational change. Organizational Research Methods, 4(4), 376–392. https://doi.org/10.1177/109442810144004
  • Haleblian, J., Devers, C. E., McNamara, G., Carpenter, M. A., & Davison, R. B. (2009). Taking stock of what we know about mergers and acquisitions: A review and research agenda. Journal of Management, 35(3), 469–502. https://doi.org/10.1177/0149206308330554
  • Helfat, C. E., & Peteraf, M. A. (2015). Managerial cognitive capabilities and the microfoundations of dynamic capabilities. Strategic Management Journal, 36(6), 831–850. https://doi.org/10.1002/smj.2247
  • Hodgkinson, I. R., Ravishankar, M. N., & Aitken-Fischer, M. (2014). A resource-advantage perspective on the orchestration of ambidexterity. Service Industries Journal, 34(15), 1234–1252. https://doi.org/10.1080/02642069.2014.942655
  • Horton, R. (2016). Offline: Indonesia - unraveling the mystery of a nation. The Lancet, 387(10021), 830. https://doi.org/10.1016/S0140-6736(16)00544-4
  • Imran, M. K., Ilyas, M., Aslam, U., & Ubaid-Ur-Rahman, U. U. R. (2016). Organizational learning through transformational leadership. Learning Organization, 23(4), 232–248. https://doi.org/10.1108/TLO-09-2015-0053
  • King, M. D. R., Dalton, D. R., Daily, C. M., & Covin, J. G. (2004). Meta-analyses of post-acquisition performance: Indications of unidentified moderators. Strategic Management Journal, 25(2), 187–200. https://doi.org/10.1002/smj.371
  • Kitley, P. (2003). Television, Regulation and Civil Society in Asia. London: Routledge Curzon.
  • Kor, Y. Y., & Mesko, A. (2013). Research notes and commentaries dynamic managerial capabilities: Configuration and orchestration of top executives’ capabilities and the firm’s dominant logic. Strategic Management Journal, 34(2), 233–244. https://doi.org/10.1002/smj.2000
  • Kummer, C. (2008). Motivation and retention of key people in mergers and acquisitions. Strategic HR Review, 7(6), 4–10. https://doi.org/10.1108/14754390810906373
  • Kürsten, W., & Moretto, E. (2008). Synergies, shareholder value and exchange ratios in “value-creating” mergers. Managerial Finance, 34(4), 252–261. https://doi.org/10.1108/03074350810849288
  • Lauser, B. (2010). Post-merger integration and change processes. Baltic Journal of Management, 5(1), 6–27. https://doi.org/10.1108/17465261011016531
  • Lawlor, J. (2013). Employee perspectives on the post-integration stage of a micro-merger. Personnel Review, 42(6), 704–723. https://doi.org/10.1108/PR-06-2012-0096
  • Lind, B., & Stevens, J. (2004). Match your merger integration strategy and leadership style to your merger type. Strategy & Leadership, 32(4), 10–16. https://doi.org/10.1108/10878570410547652
  • Locke, K. 2001. Grounded Theory in Management Research. London: Sage Publications.
  • Lodorfos, G., & Boateng, A. (2006). The role of culture in the merger and acquisition process: Evidence from the European chemical industry. Management Decision, 44(10), 1405–1421. https://doi.org/10.1108/00251740610715722
  • Meyer-Doyle, P., Lee, S., & Helfat, C. E. (2019). Disentangling the microfoundations of acquisition behavior and performance. Strategic Management Journal, 40(11), 1733–1756. https://doi.org/10.1002/smj.3069
  • Nag, R., & Gioia, D. A. A. (2012). From common to uncommon knowledge: Foundations of firm-specific use of knowledge as a resource. Academy of Management Journal, 55(2), 421–457. https://doi.org/10.5465/amj.2008.0352
  • Nugroho, Y., Putri, D. A., & Laksmi, S. (2012). Mapping the Landscape of the Media Industry in Contemporary Indonesia. Centre for Innovation Policy and Governance.
  • Osarenkhoe, A., & Hyder, A. (2015). Marriage for better or for worse? Towards an analytical framework to manage post-merger integration process. Business Process Management Journal, 21(4), 857–887. https://doi.org/10.1108/BPMJ-07-2014-0070
  • Qu, S. Q., & Dumay, J. (2011). The qualitative research interview. Qualitative Research in Accounting & Management, 8(3), 238–264. https://doi.org/10.1108/11766091111162070
  • Rashid, Y., Rashid, A., Warraich, M. A., Sabir, S. S., & Waseem, A. (2019). Case study method: A step-by-step guide for business researchers. International Journal of Qualitative Methods, 18, 1–13. https://doi.org/10.1177/1609406919862424
  • Sales, A., Roth, S., Grothe-Hammer, M., & Azambuja, R. 2021. From play to pay: A multifunctional approach to the role of culture in post-merger integration. Management Decision, 8(1), 16–35. forthcoming. https://doi.org/10.1037/dec0000143.
  • Schijven, M., Kolev, K. D., & Haleblian, J. (2021). The governance of learning: Carrots, sticks, and stones in acquisition capability development. forthcoming. Strategic Organization.
  • Schneider, S. S., & Lewis, L. A. (2004). The vibration signal, modulatory communication and the organization of labor in honey bees, Apis mellifera. Apidologie, 35(2), 117–131. https://doi.org/10.1051/apido:2004006
  • Schriber, S., King, D. R., & Bauer, F. (2018). Acquisition integration flexibility: Toward a conceptual framework. Journal of Strategy and Management, 11(4), 434–448. https://doi.org/10.1108/JSMA-05-2018-0049
  • Shah, S. K., & Corley, K. G. (2006). Building better theory by bridging the quantitative–qualitative divide. Journal of Management Studies, 43(8), 1821–2380. https://doi.org/10.1111/j.1467-6486.2006.00662.x
  • Siggelkow, N. (2007). Persuasion with case studies. Academy of Management Journal, 50(1), 20–24. https://doi.org/10.5465/amj.2007.24160882
  • Sirmon, D. G., & Hitt, M. A. (2009). Contingencies within dynamic managerial capabilities: Interdependent effects of resource investment and deployment on firm performance. Strategic Management Journal, 30(13), 1375–1394. https://doi.org/10.1002/smj.791
  • Sirmon, D. G., Hitt, M. A., & Ireland, R. D. (2007). Managing firm resources in dynamic environments to create value: Looking inside the black box. Academy of Management Review, 32(1), 273–292. https://doi.org/10.5465/amr.2007.23466005
  • Sirmon, D. G., Hitt, M. A., Ireland, R. D., Gilbert, B. A., Barney, J. B., Ketchen, D. J., & Wright, M. (2011). Resource orchestration to create competitive advantage: Breadth, depth, and life cycle effects. Journal of Management, 37(5), 1390–1412. https://doi.org/10.1177/0149206310385695
  • Stahl, G. K., Angwin, D. N., Very, P., Gomes, E., Weber, Y., Tarba, S., Noorderhaven, N., Benyamini, H., Bouckenooghe, D., Chreim, S., Durand, M., Hassett, M. E., Kokk, G., Mendenhall, M. E., Mirc, N., Miska, C., Marshall Park, K., Reynolds, N.-S., Rouzies, A., … Yildiz, H. E. (2013). Sociocultural integration in mergers and acquisitions: Unresolved paradoxes and directions for future research. Thunderbird International Business Review, 55(4), 333–356. https://doi.org/10.1002/tie.21549
  • Sukoco, B. M., Tanjung, C., & Ishadi, S. K. (2019). Managing paradoxes of innovation in an Indonesian TV group. Creative Industries Journal, 13(2), 137–158. https://doi.org/10.1080/17510694.2019.1684094
  • Sune, A., & Gibb, J. (2015). Dynamic capabilities as patterns of organizational change. Journal of Organizational Change Management, 28(2), 213–231. https://doi.org/10.1108/JOCM-01-2015-0019
  • Tan, J. (2010). Grounded theory in practice: Issues and discussion for new qualitative researchers. Journal of Documentation, 66(1), 93–112. https://doi.org/10.1108/00220411011016380
  • Teerikangas, S., & Colman, H. L. (2020). Theorizing in the qualitative study of mergers & acquisitions. Scandinavian Journal of Management, 36(1), 101090. https://doi.org/10.1016/j.scaman.2019.101090
  • Teerikangas, S., & Thanos, I. C. (2018). Looking into the ‘black box’ – Unlocking the effect of integration on acquisition performance. European Management Journal, 36(3), 366–380. https://doi.org/10.1016/j.emj.2017.06.002
  • Thach, L., & Nyman, M. (2001). Leading in limbo land: The role of a leader during merger and acquisition transition. Leadership & Organization Development Journal, 22(4), 146–150. https://doi.org/10.1108/01437730110395033
  • Thelisson, A.-S., & Meier, O. (2022). Intergroup dynamics in post-merger integration process. European Business Review, 34(3), 431–450. https://doi.org/10.1108/EBR-05-2021-0104
  • Thomas, M., Kummer, C. B., Benjamin, C., Thomas, M., Kummer, C. B., & Mark Thomas, M. (2015). M & As in the airline industry: Emotions flying high. Strategic Direction, 31(8), 17–19. https://doi.org/10.1108/SD-07-2015-0095
  • Yin, R. K. (1994). Case study research: Design and methods. Applied Social Research Methods Series.
  • Zaheer, A., Castaner, X., & Souder, D. (2013). Synergy sources, target autonomy, and integration in acquisitions. Journal of Management, 39(3), 604–632. https://doi.org/10.1177/0149206311403152
  • Zhang, Y., Enang, E., & Sminia, H. (2019). Post-acquisition integration of emerging market multinational corporations: A research agenda. Multinational Business Review, 27(1), 4–34. https://doi.org/10.1108/MBR-11-2017-0093