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A Study on the Influence of Strategic Leadership, Integration Strategy on Performance after M&A -Focused on the Case of LG Chem's M&A-

M&A시 최고경영자의 전략적 리더십과 인적통합전략이 기업성과에 미치는 영향에 관한 연구 -LG화학의 현대석유화학 인수를 중심으로-

  • Kim, Sung-Gun (Business Administration, Hankuk University of Foreign Studies)
  • Received : 2013.08.13
  • Accepted : 2013.10.20
  • Published : 2013.10.28

Abstract

M&A is an important strategic decision made to ensure the competitiveness of companies and cases of M&A have been increasing in recent years. But the success of an M&A is not assured. In order to succeed, there should first be a well managed strategic leadership by the CEO and an integration strategy. Companies need also to overcome the resistance to change among members. A successful example of an M&A is that of LG Chem and Hyundai Petrochemical. By using this M&A as a case study, the influence of the CEO's Strategic Leadership, and the Integration Strategy on Resistance, Acceptance and Performance were assessed. For this study, research was conducted on CEO Strategic Leadership and Integration Strategy before members of LG Chem (DAESAN PLANT) were interviewed on the M&A's implementation by LG Chem's HR staff, management and members. The results show that CEO strategic leadership and the integration strategy are major change drivers and that they are important to the early stabilization of M&A companies. Finally, suggestions are made as to how such success may be replicated for other companies undergoing M&A in the future.

Keywords

M&A;Integration Strategy;Strategic Leadership;LG Chem;Hyundai Petrochemical Co.