Author(s)

Yaoyao Xu and Rui Zhang

Corresponding Author

Yaoyao Xu

Abstract

Enterprise life cycle has become shorter, the economic environment, the industry competition environment is also more and more serious, as to expand the competitive advantage, merger and acquisition is more common. With the improving level of labor, the concept of "satisfying customer" and "talent capital" are put forward. In the process of merger and acquisition, the managers attempt to realize the maximization of new shareholders' interests by integrating the new organization form of the original enterprises and new enterprises. Key employee retention and motivation become more focused. Increasing employee organizational citizenship behavior, improving employee satisfaction in order to achieve the maximization of corporate interests is very important, the effective management of key employees may help establish a new organization more quickly, and reduce employee resistance, reduce the cost of merger. According to LMX theory, in the process of merger and acquisition, we discuss about how the manager interact with the key staff, how the manager identify key staffs, and stimulate key staffs accept the new organization.

Keywords

M &A; Key Employees; Lmx Theory