A dynamic view of technology acquisition

International Journal of Manufacturing Technology and Management

Volumn 3, Issue 1-2, 2001, Pages 120-141

  Macdonald, Stuart ^a   James, Andrew ^b  

^a UNIVERSITY OF SHEFFIELD   (United Kingdom)

^b UNIVERSITY OF MANCHESTER   (United Kingdom)

Author keywords

Acquisition; constant velocity joint; GKN; technology

Indexed keywords

EID: 1342298572     PISSN: 13682148     EISSN: None     Source Type: Journal    
DOI: 10.1504/ijmtm.2001.001399     Document Type: Article

References (67)

1. Rappaport, A. (1979) ‘Strategic analysis for more profitable acquisitions’, Harvard Business Review, July-August, pp.99-110;
2. Jemison, D. and Sitkin, S. ‘(1986) ‘Corporate acquisitions: a process perspective’, Academy of Management Review, Vol. 11, No. 1, pp.145-163;
3. Haspeslagh, P. and Jemison, D. (1991) Managing Acquisitions – Creating Value through Corporate Renewal, Free Press, New York, 1991.
4. See, for example, Chakrabarti, A, (1990), ‘Organizational factors in post-acquisition performance’, IEEE Transactions on Engineering Management, Vol. 37, No. 4, pp.259-268;
5. Franck, G, (1990) ‘Mergers and acquisitions: competitive advantage and cultural fit’, European Management Journal, Vol. 8, No. 1, pp.40-43.
6. Teece, D. and Pisano, G. (1994) ‘The dynamic capabilities of firms: an introduction’, Industrial and Corporate Change, Vol. 3, No. 3, pp.537-556.
7. Foster, R. and Kantrow, A. (1988) ‘Making post-merger R&D effective’. Research Technology Management, Vol. 31, No. 1, pp.47-51.
8. Chakrabarti, A. and Souder, W. (1987) ‘Technology, innovation and performance in corporate mergers: a managerial evaluation’, Technovation, Vol. 6, pp.103-114.
9. Hoffman, M. (April 1986) ‘How to achieve performance: rescue’, Management Today, pp.102-108.
10. Stevenson, Tom, (August 1996) ‘Cash-pile boosts GKN’s fortunes’, Independent, p.16.
11. Kennedy, C. (February 1985), Illustrated London News.
12. Cited inHendry, C. and Pettigrew, A. (January 1989) ‘Strategic Change and Human Resource Management in GKN, Centre for Corporate Strategy and Change, University of Warwick, p.2.
13. GKN background briefing paper, July 1978.
14. Holdsworth, Trevor, (May 1977) Group Strategy and Organization.
15. Loveridge, R. (1982) ‘Business strategy and community culture: policy as a structured accommodation of culture’ in Dunkerley, D. and Salaman, G. (eds), International Yearbook of Organization Studies, Routledge and Kegan Paul, London, pp.26-57.
16. David Lees as quoted in Tim Burt, (February 1995) ‘GKN confirms UES sale’, Financial Times.
17. SeeNicolas Travers, (March 1986) ‘Copybook entrepreneur bustles into the limelight’, Chief Executive, pp.33-34.
18. Hamill, J. (1991), ‘Strategic restructuring through international acquisitions and divestments’, Journal of General Management, Vol. 17, No. 1, pp.27-44.
19. David Turner as quoted in Tim Burt, (March 1994) ‘Continental slump pulls down GKN’ Financial Times.
20. GKN internal memorandum.
21. David Lees as quoted in James Harding (December 1995) ‘US sale completes GKN disposals’, Financial Times.
22. Baxter, A. (September 1992) ‘The canny engineers of survival’, Financial Times
23. Kevin Done, (August 1993) ‘GKN remains stable in spite of redundancy costs’, Financial Times.
24. Burt, T. (August 1995) ‘No rush for careful patrician’, Financial Times.
25. Hill, R. (March 1988), ‘The reshaping of GKN’, Director, pp.50-53.
26. Rolfe, R. (February 1989) ‘Realigning for the open market in defence’, International Management, pp.40-41.
27. Burt, T. (February 1994) ‘A marriage proposed for tax reasons?’ Financial Times.
28. ‘GKN buys Glover Webb’ (October 1994) Financial Times.
29. Howard, G.P. (October 1989) ‘2nd draft of technical briefing produced for GKN’.
30. For a technical description, see Anthony Curtis, (September 1989) ‘Joints without jumps’. Car Mechanics, pp.82-84.
31. Hutton, R. (November 1989) ‘The joint that made the difference’, draft prepared for GKN. Offered to the Guild of Coach Harness Makers’ Newsletter, November 1990.
32. Uni-Cardan press release, 1991.
33. ‘Viscodrive probes new manufacturing sites and lower cost production’. Auto Industry, pp.10-12. (March 1998)
34. Internal GKN memorandum. (June 1989)
35. Griffiths, J. (April 1992) ‘ GKN establishes foothold in Asean markets’. Financial Times.
36. Godsmark, C. (August 1996) ‘GKN to build second Chinese plant’, Independent, p.17.
37. Macdonald, S. (1995) ‘Culture and image in international strategy: engineering myth and metal-bashing’, Technology Analysis and Strategic Management, Vol. 7, No. 4, pp.355-69.
38. David Lees as quoted inTim Burt (August 1995) ‘No rush for careful patrician’, Financial Times.
39. Steinberg, C. ‘Can foreign owners run these things?’. World Trade, Vol. 5, No. 4, pp.40-44.
40. (April 1991) Interview with David Lees.
41. Kay, W. (February 1994) ‘Westland on run in aerial skirmish’, Independant on Sunday.
42. Frost, G. (June 1993) ‘Core concerns at GKN, Management Today, pp.34-38.
43. Holdsworth, T. (May 1988) as quoted in Hazel Duffy. ‘Standard bearer for manufacturing’ Financial Times.
44. Pollen, C. V. (1988) Analysis Comments on Acquisition of Westland Stake by GKN’, London.
45. Engineering analyst as quoted in Burt ‘A marriage proposed for tax reasons?’.
46. Burt, T. (March 1996) ‘Non-motor side helps lift GKN to £322m’, Financial Times.
47. Cf.Roger Cowe (August 1992) ‘GKN reports interim profits up by a third’, Guardian.
48. See ‘Long haul for GKN in Kuwait’, Project and Trade Finance, February 1995.
49. Owen, G. (March 1994) ‘Can Europe compete?: national champions’ becoming obsolete’, Financial Times.
50. A dynamic view of technology acquisition
51. SeeStuart Macdonald (1995) ‘Too close for comfort?: implications for strategy and change arising from getting close to the customer’, California Management Review, Vol. 4, No. 37, pp.8-27.
52. Macdonald, S. (1995) ‘Engineering or metal-bashing; changing the image’, Long Range Planning, Vol. 28, No. 6, pp.61-68.
53. E.g.Owen, G. (June 1996) ‘Survey – Britain: transformation in the past 20 years’, Financial Times.
54. Wagstyl, S. (March 1996) ‘Evolution not revolution’, Financial Times, p.12.
55. Not all observers noted these problems at Hardy Spicer: see Chris Hendry and Andrew Pettigrew (1988) ‘Multiskilling in the round’, Personnel Management, Vol. 20, No. 4, pp.36-43.
56. Lewinton, C. (August 1995) as quoted in Tim Burt ‘Immodest marketing man knocks TI into shape’, Financial Times.
57. (July 1987) Proposed Acquisition of Macbro Rental Pty Limited.
58. Brown, M. (September 1991) ‘Scaffolding chief had no qualms over underworld’, Sydney Morning Herald, p.9;
59. Peter Bruce (September 1991) ‘GKN ‘used enforcers for extortion, intimidation’, Australian Financial Review, p.36.
60. Group Reorganization 1978. (July 1978) Discussion Document for GKN Management Committee.
61. Frost, G. (June 1993) ‘Core concerns at GKN’, Management Today, pp.34-38.
62. Holdsworth, T. (1984) GKN Annual Report.
63. E.g.Dodgson, M. (ed.), (1996) The Handbook of Industrial Innovation, Edward Elgar, Cheltenham.
64. James, AD.,
65. Georghiou, L. and Metcalfe S. (1998) ‘Integrating technology into merger and acquisition decision making’, Technovation, Vol. 18, Nos. 8/9, pp.563-573. See also Haspeslagh and Jemison.
66. Goold, M. and Campbell, A. (1987) ‘Strategies and Styles’, Blackwell, Oxford.
67. Godsmark, C. (August 1996) ‘GKN to build second Chinese plant’, Independent, p.17.