子机构
400-600-1123
logo
备考资讯 提分课程 答疑社区
登录
注册
题库解析   >   其他 题型   >   RC7-9篇
本题由2提供
RC7-9篇

In an effort to explain why business acquisitions often fail, scholars have begun to focus on the role of top executives of acquired companies. Acquired companies that retain their top executives tend to have more successful outcomes than those that do not. Furthermore, existing research suggests that retaining the highest-level top executives, such as the CEO (chief executive officer) and COO (chief operating officer), is related more positively to postacquisition success than retaining lower-ranked top executives. However, this explanation, while insightful, suffers from two limitations. First, the focus on positional rank does not recognize the variation in length of service that may exist in top executive posts across companies, nor does it address which particular top executives (with respect to length of service) should be retained to achieve a successful acquisition outcome. Second, the relationship between retained top executives and acquisition outcomes offered by existing research is subject to opposing theoretical explanations related to length of service. The resource-based view (RBV) suggests that keeping acquired company top executives with longer organizational tenure would lead to more successful outcomes, as those executives have idiosyncratic and nontransferable knowledge of the acquired company that would be valuable for the effective implementation of the acquisition. The opposing position, offered by the upper echelons perspective (UEP), suggests that retaining top executives having short organizational tenure would lead to more successful outcomes, as they would have the adaptability to manage most effectively during tiie uncertainty of the acquisition process.

Responding to these limitations, Bergh conducted a study of executive retention and acquisition outcome that focused on the organizational tenure of retained company top executives in 104 acquisitions, followed over 5 years. Bergh considered the acquisition successful if the acquired company was retained and unsuccessful if it was divested. Bergh's findings support the RBV position. Apparently, the benefits of long organizational tenure lead to more successful outcomes than the benefits of short organizational tenure, While longer tenured top executives may have trouble adapting to change, it appears that their perspectives and knowledge bases offer unique value after the acquisition. Although from the UEP position it seems sensible to retain less tenured executives and allow more tenured ones to leave, such a strategy appears to lower the probability of acquisition success.

According to the passage, prior to Bergh's study, research on the role of top executives of acquired companies in business acquisition success was limited in which of the following ways?


    A.It did not address how the organizational tenure of top executives affects postacquisition success.

    B.It did not address why some companies have longer-tenured CEOs than others.

    C.It did not consider strategies for retaining long-tenured top executives of acquired companies.

    D.It failed to differentiate between the contribution of highest-level top executives to postacquisition success and that of lower-ranked top executives.

    E.It underestimated the potential contribution that lower-level top executives can make to postacquisition success.


登录申友雷哥GMAT,查看答案及解析

视频解析

资深讲师题题有解析

{{current}} / {{duration}}

登录 申友雷哥GMAT,查看完整视频

文字解析

答案:
A

KW:prior to Bergh, acquisition success was limited (细节题)

定位:第二结构第1层次


错误答案特征:

B. than others 无关比较

C. strategies层未提及

D. lower-ranked top executive 层次定位混淆

E. lower-ranked top executive 层次定位混淆


正确选项特征:

A.是原文的同义转换

(1)First, the focus on positional rank does not recognize the variation in length of service that may exist in top executive posts across companies, nor does it address which particular top executives (with respect to length of service) should be retained to achieve a successful acquisition outcome. 


GMAT会员

提交
OG视频
申友雷哥GMAT小助手

添加官方小助手微信
了解更多GMAT考试与咨询

100蜜糖购买当前课程

当前蜜糖数:颗 去获取

立即购买 取消购买

吉祥物小蜜蜂

关注公众号

公众号

扫码关注申友雷哥GMAT公众号

立即获取12GGMAT核心资料

微信咨询

申友在线咨询二维码图片

扫码添加申友雷哥GMAT官方助手

立即咨询GMAT网课面授课程

联系申友雷哥 全国免费咨询热线:400-600-1123

Copyright © 2021 All Right Reserved 申友雷哥教育 版权所有 沪ICP备17005516号-3 免责声明 互联网经营许可证编号:沪B2-20210282