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Part Two The applications > 07 Mergers and acquisitions - Pg. 297

7 Mergers and acquisitions This chapter addresses the specific change scenario of tackling a merger or an acquisition. We pose the following questions: · Why do organizations get involved in mergers and acquisitions (M&As)? Are there different aims and therefore different tactics involved in making this type of activity work? · M&A activity has been very high over the last 15 years, and on a global scale. We must have learnt something from all this activity. What are the conclusions? · Can the theory of change in indi- viduals, groups and organizations be used to increase the success rate of M&As, and if so, how can it be applied? 297