These unwritten contracts are quite powerful, and shape the behavior and stability within the organization [33]. When one party breaks that contract, the other party reacts as having been betrayed and is therefore non- productive. Steps should be taken so as to avoid these kinds of feelings among the executives.
The best way to deal effectively with an oncoming change is to let the parties involved know the causes that led to its application [34]. In this way, the executives are able to examine closely the oncoming information and evaluate the oncoming changes and -most importantly- the necessity thereof.
The threat of changes during and after the M&A often leads to disarray, decrease in productivity and of course loss of experienced executives. Krug & Nigh (2001) [35] have decided upon five main reasons for which an executive stays in an organisation: Job satisfaction, / Increased Job status, / Job security, /Autonomy, / Personnal Issues.
These unwritten contracts are quite powerful, and shape the behavior and stability within the organization [33]. When one party breaks that contract, the other party reacts as having been betrayed and is therefore non- productive. Steps should be taken so as to avoid these kinds of feelings among the executives.
The best way to deal effectively with an oncoming change is to let the parties involved know the causes that led to its application [34]. In this way, the executives are able to examine closely the oncoming information and evaluate the oncoming changes and -most importantly- the necessity thereof.
The threat of changes during and after the M&A often leads to disarray, decrease in productivity and of course loss of experienced executives. Krug & Nigh (2001) [35] have decided upon five main reasons for which an executive stays in an organisation: Job satisfaction, / Increased Job status, / Job security, /Autonomy, / Personnal Issues.
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