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HRD involvement in the investigative phase of a merger & acquisition
Author(s) -
Waight Consuelo L.
Publication year - 2004
Publication title -
international journal of training and development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.558
H-Index - 26
eISSN - 1468-2419
pISSN - 1360-3736
DOI - 10.1111/j.1468-2419.2004.00204.x
Subject(s) - due diligence , business , human resources , human capital , work (physics) , business administration , management , economics , finance , engineering , mechanical engineering , economic growth
This qualitative study describes the involvement of human resource development (HRD) professionals in the investigative phase of merger and acquisitions (M&As). Telephone interviews were completed with 38 HRD professionals and 17 business managers in 12 organizations that had undergone M&As between 1996 and 1999. The results show that there is some cognizance between business managers and HRD professionals on what HRD professionals do during an M&A. What is most significant, however is that the activities identified by both business managers and HRD professionals are all human‐capital related; this shows that business managers and some organizations are not only involved in finance related but also human capital due‐diligence during an M&A. The study results show that M&A activities are team‐oriented and HRD professionals need to be prepared to work in different projects during an M&A, especially during the investigative phase. The notion that HRD professionals will be solely working on HRD‐related activities is non‐existent during the investigative phase of an M&A.