Devising an HR strategy for expansion of a small entity

Abstract

To strengthen their presence in a constantly changing market, businesses often look for opportunities to expand and grow. Mergers and acquisitions are a relatively faster and efficient means to expand into unexplored markets; however, success is not guaranteed. The compatibility of the merging businesses is essential for a successful business merger or acquisition. Abundant literature review and empirical data are available on the success and the failure of mergers between large firm or firms with well-defined structure and operations. However, similar assumptions cannot be applied in the case of a merger between small firms, those with no structure or well-defined processes.