Interactions of decision mechanisms in an entrepreneurial firm’s journey to become a major player in its industry

This study discusses the interactions of different decision-making mechanisms in the process of change of a successful entrepreneurial dairy firm in Vietnam. The purpose of the study is to construct a theoretical framework, which explains the interactions between effectual and causal decision-making processes in different phases of business, and to provide a real life example with practical recommendations for entrepreneurs and managers. In order to achieve this purpose, a preliminary theoretical framework was built, using process theories applied to different decision making modes, referred to as causation and effectuation. The case was studied through ethnographic research method, with three semi-structured interviews, one unstructured interview, secondary data and observations within four months in 2013-2014. After the data was analyzed, a modified framework was drawn from the result. The finding of this study shows that there was an interaction between effectual and causal decision-making processes in different stages of the company’s development. The entrepreneur applied effectual decision-making process to develop a unique business model and a new dairy market segment. However, when a new market demand arose, the company’s resources became insufficient, they thus had to shift to causation process to adapt to market change. Simultaneously, with better-accumulated resources, the entrepreneur continued the effectuation process to create another brand new dairy market segment. This study, thus, contributes to effectuation theory, emphasizing the necessity of combining effectual and causal decision-making processes in different phases of business. It is suggested that business would develop with an effectual process until a business model is viable for growth. It continues to use this process up to a certain degree. When the market changes, the company needs to collect more means to adapt to the changes. They need to set new goals and this is a shift to the use of causal process, which builds on prediction. It uses goals and teleology as driving mechanisms and tries to exploit and fill potential resource gaps to achieve these goals. At the same time, there are new iterations that look to establish new lines or types of business with the given means, which are now well established. This again employs effectual mechanisms, which are based on evolutionary process, until they reach the stage of viable tested business model. Moreover, this study hopes to provide know-how to entrepreneurs and managers of small companies in similar situations, suggesting how to combine effectual and causal decision-making processes to deal with various circumstances in different times.

Managing the change of organizational culture in cross-border mergers and acquisitions: The role of post-acquisition integration in organizational culture change

Over the years, cross-border mergers and acquisitions have become a popular strategic option for variety of firms. Companies often seek rapid growth through acquiring potentially valuable enterprises or attempting to enhance their organization’s profitability by merging with other firms. However, managing the change of organizational culture is a major managerial challenge as companies often confront difficulties when merging two previously autonomous organizational cultures into one, joint organizational culture. Therefore, the purpose of this study is to increase understanding related to the challenges and possibilities concerning the management of organizational culture change in cross-border mergers and acquisitions. The research question “How to manage the change of organizational culture in cross-border mergers and acquisitions?” is analysed in relation to the theories presented in this thesis regarding organizational culture, organizational change and acculturation as well as in relation with the collected empirical data. The research question is divided into three sub-questions according to the following: (1) “What is the role of organizational culture in organizations?”, (2) “How to manage organizational change in mergers and acquisitions?” and (3) “How to manage organizational culture change through acculturation?”. The thesis is conducted as a qualitative case study research including three personal interviews and one group interview. The interviews were conducted as a combination of semi-structured and unstructured interviews. Theories related to organizational culture, the management of change as well as acculturation are studied and further analysed in relation to empirical material collected by the researcher. Research findings indicate that that several factors can influence the success of managing the organizational culture change in cross-border mergers and acquisitions. Factors such as defining the preferred acculturation model prior the merger; managing the resistance of change; open communication; acknowledgement of local culture and cultural differences; involvement of personnel in change processes; as well as the formulation and implementation of comprehensive change plans proved to be important factors with relation to successful management of organizational culture change

Yhteistyön ongelmat kahden oppilaitoksen välillä – Case: Kotka Maritime Centre

Tämän tutkimuksen tarkoituksena oli selvittää kahden oppilaitoksen, Kymenlaakson ammattikorkeakoulun ja Etelä-Kymenlaakson ammattiopiston merenkulkualan koulutusten, välisiä yhteistyöongelmia. Tutkimus rajattiin koskemaan täydennyskoulutus- ja simulaattorikeskusyhteistyön ongelmia. Yhteistyössä oli todettu olevan ongelmia, ja tutkimuksella selvitettiin ongelmat ja luotiin toimenpide-ehdotuksia ongelmien ratkaisemiseksi. Tutkimus toteutettiin puolistrukturoiduin haastatteluin, johon haastateltiin yhteensä 22 henkilöä molemmista oppilaitoksista. Tutkimuksen runko luotiin teoreettisen viitekehyksen mukaisesti organisaatioiden välisen yhteistyön elementeistä. Haastattelujen analysoinnissa käytettiin sisällönanalyysiä. Tutkimuksen perusteella löydettiin useita ongelmia yhteistyössä. Kolme keskeisintä ongelmaa olivat henkilösuhteissa esiintynyt luottamuspula ja henkilökemiat, johtamisen puute sekä roolien ja työtehtävien epäselvyys. Työtä ongelmien korjaamiseksi tulee olemaan, mutta ne ovat ratkaistavissa luomalla tarkemmat suuntaviivat yhteistyölle ja lisäämällä vuorovaikutusta kokoontumisten avulla. Molemmilla oppilaitoksilla oli tulevaisuuteen tähtäävä näkemys yhteistyön lisäämisestä ja kehittämisestä.