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Cover image for From turmoil to triumph : new life after mergers, acquisitions, and downsizing
Title:
From turmoil to triumph : new life after mergers, acquisitions, and downsizing
Personal Author:
Publication Information:
New York : Lexington Books, 1994
ISBN:
9780029200551

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30000005033620 HD58.8 M375 1994 Open Access Book Book
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Summary

Summary

Dispense with suspicion and cynicism. Get beyond alienation and burn out. From Turmoil to Triumph shows how corporations can not only recover from the negative human consequences of transitions, but can use those transitions as opportunities to build new and better organizations.


Reviews 3

Publisher's Weekly Review

Marks's litany of woes is numbing. ``Fortune 500 companies employed 3.7 million fewer workers in 1991 than in 1981 . . . fully half of the 1980 Fortune 500 companies were absent from the 1990 list.'' The author argues that mergers, acquisitions and downsizings (``organizational MADness'') plus an assortment of such managerial programs as total quality management and continuous improvement, have a profound negative impact on workers. Marks, a corporate transitions consultant, crafts an organizational recovery plan for a workforce he terms ``unable or unwilling to garner the physical or psychological energy necessary to make a run at business opportunities.'' His ideas on restoring faith and creating hope are on target: articulate a vision and translate it into a mission; hold ``venting'' meetings and massage egos; supply performance incentives, etc. This is a useful manifesto for managers concerned about workplace turmoil. Illustrations. (July) (c) Copyright PWxyz, LLC. All rights reserved


Booklist Review

There have already been well-voiced concerns about those who have lost their jobs because of corporate downsizing and restructuring. Ac~tually, though, even those who survive what consultant Marks calls Organizational MADness (Mergers, Acquisitions, and Downsizing) suffer a range of emotions and problems that may negatively affect their work. These include guilt, alienation, burnout, stress, increased workload, fear, and anxiety. Marks advises organizations how to recover from the turmoil of transition and take advantage of the opportunity to rebuild and revitalize themselves, focusing on both the individual and work teams. Given the continuing push to downsize and a new wave of mergers and acquisitions, Marks' advice will be useful for some time to come. ~--David Rouse


Library Journal Review

Marks, a business consultant, examines the adverse consequences of corporate mergers, acquisitions, and downsizing. Based on his knowledge of company transitions, he reviews the negative effects of such restructurings on the labor force and on the long-term dynamism of an organization. He explains why corporate transitions create distrust, alienation, and overwork in the workplace and hence undermine the employee-management relationship. Given that the book is designed to assist both business operators managing transitions and people affected by company changes, the author does a good job of presenting useful principles and practical ways for coping with and recovering from the trauma of corporate adjustments. His work is well written and incorporates examples and graphs. Recommended for lay readers and students of organizational behavior.-Ali D. Abdulla, East Carolina Univ., Greenville, N.C. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


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