AssetOne/Tausus Merger

After the merger, AssetOneÆs executives eroded the relationship with former Taurus employees still further by their indecision on critical online banking initiatives that should have been acted on quickly. In addition, AssetOne reversed its promise to allow Taurus fund managers to make their own decisions, subsequently directing them to get all decisions approved by AssetOne. As a result of AssetOneÆs many bad moves toward Taurus employees, one-third of the Taurus fund managers left within the first year, and AssetOneÆs hopes for the benefits of the Taurus merger never materialized.

AssetOne could have avoided the culture clash with Taurus by treating the Taurus employees as valuable corporate capital instead of just incidental appendages to a business deal. The employees of both co

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h the employee, Emily, and her supervisor wanted her to stay on her own machine, because no one else could run it as well as she could. The fact that only Emily could run was due to the fact that it was difficult to get material to flow through it smoothly, and this was due to resistance from EmilyÆs supervisor to having the machine improved and maintained properly, as well as resistance from the employees upstream in the manufacturing process from Emily who did not take the time to ensure that their materials met specifications because they did not want to reduce their piecerate earnings. Resistance to change is part of human nature, and it complicates companiesÆ efforts to stay competitive by changing as conditions change. As one author put it: Resistance is an inevitable response to any major change. Individuals naturally rush to defend the status quo if they feel their security or status are threatened. Folger & Skarlicki (1999) claim that "organizational change can generate skepticism and resistance in employees, making it sometimes difficult or impossible to implement organizational improvements" (Bolognese). Since change in many cases is what improves a companyÆs profitability, enabling employees and supervisors to keep
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Some common words found in the essay are:
Bolognese Emily, Taurus TaurusÆs, AssetOne McShane, Folger Skarlicki, AssetOneÆs CEO, AssetOne Taurus, Retrieved September, taurus employees, fund managers, , Culture Clash, Organizational Behavior, september 25 2005, taurus fund, 25 2005, culture clash, september 25, retrieved september, fear change, clash risks, taurus fund managers, retrieved september 25, change retrieved september, resistance employees, ôculture clash risks,
Approximate Word count = 1305
Approximate Pages = 5 (250 words per page)