EVEN in the best of times, mergers and acquisitions (M&As) are tricky propositions. Surely, the task is doubly hard during a lean period? Not necessarily so, says an expert on the economics of human resources and organisational design.
According to Michael J Gibbs, a clinical professor of economics at the University of Chicago’s Booth School of Business, a financial crisis is the best time for companies to merge because it is at such times that they have the will to change.
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