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Organizational metamorphosis: A study of eighteen nonprofit mergers, acquisitions, and consolidations
Author(s) -
Singer Mark I.,
Yankey John A.
Publication year - 1991
Publication title -
nonprofit management and leadership
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.844
H-Index - 54
eISSN - 1542-7854
pISSN - 1048-6682
DOI - 10.1002/nml.4130010406
Subject(s) - consolidation (business) , mergers and acquisitions , business , public relations , accounting , marketing , management , finance , economics , political science
This article reviews the literature on nonprofit mergers and presents a study of eighteen nonprofit merger, acquisition, or consolidation transactions. The findings underscore financial reasons as the chief motivation for mergers and cite the inability of small agencies to compete as an important contributing factor. Morale and productivity declined when staff had serious concerns about their future. Good leadership and honest and open communication were considered vital to ensuring a smooth merger process.