Archive for General Info

This is the second and final part of this Mergers and Acquisitions series. I hope you found the first part and this part enjoyable.

The Compaq and Tandem cultures seemed to gel ok, but the combined Compaq and Hewlett Packard cultures were much different. Of course, who couldn’t have seen that when Tandem was started by a disgruntled Hewlett Packard employee. Compaq was generally considered the young, scrappy, Texas computer company that shot from the hip. However, Hewlett Packard was generally considered a bunch of old engineers who couldn’t move fast enough for the new IT industry. From the very beginning culture was an issue. It was discussed in the white room but the power people in the merger were not going to give up this merger.

Ultimately, the old and new cultures even within Hewlett Packard clashed before the merger was complete and a proxy battle ensued. The proxy battle finally came to an end and the merger was officially completed in 2001. However, in late 2005, the competitive effectiveness of Hewlett-Packard's merger with Compaq was still a subject of debate among analysts and outside observers, and it may take many more years before it will be unequivocally clear whether the HP-Compaq merger turns out to be a success or failure. The post merger cultural impacts at Hewlett Packard were extensive enough to lead to alcoholism, stroke, and suicide. More than one family filed suit against the company claiming that it was corporate pressure that caused the loss of their loved ones and an Army of counselors were hired to complete office to office counseling of the remaining personnel for such mental disorders as survivor syndrome. Read More→

Categories : General Info
Comments (35)

With the current state of the economy I decided to speak about the inevitable merger and acquisition activity that will take place.  I will do this in a two part post because of the length of the article and hope that as always you find the information useful.  Don't forget to join our newsletter for free stuff and more content and as always Like us on Facebook because we like you.  🙂

Mergers and acquisitions are a normal course of business.  Generally these activities are meant to gain some competitive advantage, but history has proven that there are good and bad mergers.  Competitive advantage usually comes in the form of economies of scale like consolidation of facilities and reduction of work forces, but competitive advantage can also come from acquiring something of value like intellectual property.  However, what needs to be understood before going into any merger or acquisition is its impact on the employees.  Understanding these impacts will greatly affect the outcome of the merger or acquisition and could very well keep a business out of serious trouble.

This is a very important issue because several Fortune 500 companies are consolidating as the economy becomes more competitive.  Every merger raises a number of key issues that include the corporate culture of both companies, the competitive position of the company, the communication of the merger, and the potential cost savings of the combined company.  As a project manager with Compaq Computer Corporation when Compaq and Hewlett Packard became the world’s largest IT company merger in history, I saw first-hand the impact of cultural clashes within the company and its affects on employees, stock holders, and consumers.  This merger was studied by many Fortune 500 companies considering this growth method and some analysts feel that while Hewlett Packard may again be a good investment one day, it may not ever be a good company again.  All over the world eyes have been focused on Hewlett Packard as they continually realigned and re-focused their post merger strategy and they are but one company that represents the difficulties of high-level mergers and acquisitions. Read More→

Categories : General Info
Comments (81)

Hello, and welcome to Project Victories!  This is the first post but certainly won’t be the last.  I have been letting many people, including students, know that this blog was coming.  It took longer than expected with my schedule and we are far from done, but as of this moment we are launching officially and you will be able to come back here regularly to look for new content.  Onward and upward!

As some of you may know this blog has been launched because of the numerous requests I have received over the years from many people, including students, for more content, more tools, better access to me, recommendations on products, Q&A, and, well, just more.  Teaching, consulting, and generally helping people with their businesses and projects is something I enjoy very much, so I know this is going to be a labor of love on my part.  This site will be evolving a bit still, probably through the summer, but please feel free to contact me regarding content and layout.  Furthermore, don’t hesitate to comment on articles or join in with the conversations that will inevitably take place on this site.  Oh, and additionally, sign up for our newsletter that will provide added content weekly via email as well as our RSS feed, if you use RSS.  The RSS feed is up now and the email newsletter sign up section is coming shortly.  Additionally, let’s don’t forget Facebook and Twitter, so make sure to friend us on Facebook and follow our tweets for up to the minute events.

While the name of our blog is Project Victories, our banner that includes the words “Your Path To Business Success” accurately explains the scope and depth we have planned for this effort.  This blog’s focus will be about anything business management related from business analysis, to business training, to project management, to logistics, and more.  That being said, business is made up of projects and processes and they must interact for successful business execution.  Processes are merely the day to day of business, while projects are unique efforts to create or modify processes that generate revenue or reduce costs.  Project Victories will be your one stop shop path to business success globally. Read More→

Categories : General Info
Comments (103)